Menta Capital LLC purchased a new stake in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 91,146 shares of the real estate investment trust’s stock, valued at approximately $1,683,000. Menta Capital LLC owned approximately 0.72% of Cherry Hill Mortgage Investment Corporation at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of Cherry Hill Mortgage Investment Corporation by 23.2% during the first quarter. Renaissance Technologies LLC now owns 724,400 shares of the real estate investment trust’s stock worth $12,380,000 after acquiring an additional 136,400 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Cherry Hill Mortgage Investment Corporation by 144.6% during the first quarter. Alliancebernstein L.P. now owns 539,183 shares of the real estate investment trust’s stock worth $9,215,000 after acquiring an additional 318,778 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Cherry Hill Mortgage Investment Corporation by 59.4% during the second quarter. Acadian Asset Management LLC now owns 503,773 shares of the real estate investment trust’s stock worth $9,309,000 after acquiring an additional 187,738 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cherry Hill Mortgage Investment Corporation by 6.8% during the first quarter. Vanguard Group Inc. now owns 454,854 shares of the real estate investment trust’s stock worth $7,773,000 after acquiring an additional 29,050 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Cherry Hill Mortgage Investment Corporation during the second quarter worth about $4,943,000. 62.41% of the stock is owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) opened at 18.45 on Friday. Cherry Hill Mortgage Investment Corporation has a 12-month low of $16.00 and a 12-month high of $19.43. The stock has a market capitalization of $234.46 million, a PE ratio of 3.13 and a beta of 0.39. The company’s 50-day moving average is $18.65 and its 200 day moving average is $18.22.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $5.71 million during the quarter, compared to analyst estimates of $4.79 million. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. Cherry Hill Mortgage Investment Corporation’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. On average, equities research analysts expect that Cherry Hill Mortgage Investment Corporation will post $2.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Friday, September 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.96 annualized dividend and a dividend yield of 10.62%. Cherry Hill Mortgage Investment Corporation’s payout ratio is 28.08%.

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Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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Institutional Ownership by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

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