6 days Ago By Defense World Staff
Renaissance Technologies LLC trimmed its holdings in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Free Report) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 547,784 shares of the real estate investment trust’s stock after selling 131,528 shares during the period. Renaissance Technologies LLC owned about 1.73% of Cherry Hill Mortgage Investment worth $1,446,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in Cherry Hill Mortgage Investment by 24.4% during the 4th quarter.
Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock valued at $1,634,000 after buying an additional 121,447 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 7.6% during the third quarter.
Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after acquiring an additional 23,947 shares during the last quarter. Wolverine Asset Management LLC increased its position in Cherry Hill Mortgage Investment by 83.0% during the 4th quarter.
Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 151,989 shares in the last quarter. Virtu Financial LLC acquired a new position in Cherry Hill Mortgage Investment in the 4th quarter valued at about $130,000. Finally, Barclays PLC purchased a new position in Cherry Hill Mortgage Investment in the 3rd quarter valued at about $52,000.
18.49% of the stock is currently owned by institutional investors and hedge funds. Cherry Hill Mortgage Investment Stock PerformanceCherry Hill Mortgage Investment stock opened at $2.
82 on Tuesday. The company has a market cap of $92.10 million, a price-to-earnings ratio of -1.
86 and a beta of 1.05. Cherry Hill Mortgage Investment Co.
has a 1 year low of $2.34 and a 1 year high of $3.99.
The firm has a 50 day moving average price of $3.19 and a 200 day moving average price of $3.06.
Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.
10. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.
97%. The business had revenue of $0.66 million during the quarter, compared to the consensus estimate of $1.
50 million. Sell-side analysts predict that Cherry Hill Mortgage Investment Co. will post 0.
38 EPS for the current year. Cherry Hill Mortgage Investment Announces DividendThe company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.
15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 21.
28%. The ex-dividend date of this dividend is Monday, March 31st. Cherry Hill Mortgage Investment’s payout ratio is currently 1,000.
00%. Insider Buying and SellingIn other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th.
The shares were sold at an average price of $3.64, for a total transaction of $47,320.00.
Following the completion of the sale, the director now directly owns 19,513 shares in the company, valued at $71,027.32. The trade was a 39.
98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.
40% of the company’s stock. Analysts Set New Price TargetsA number of brokerages have recently commented on CHMI. B.
Riley upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. StockNews.com raised shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.
Janney Montgomery Scott started coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target on the stock.
Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd.View Our Latest Stock Report on Cherry Hill Mortgage InvestmentCherry Hill Mortgage Investment Company Profile (Free Report)Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.
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