Cherry Hill Mortgage Investment (NYSE:CHMI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.03 and traded as high as $3.11. Cherry Hill Mortgage Investment shares last traded at $3.08, with a volume of 125,962 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd.

Cherry Hill Mortgage Investment Stock Performance

The stock has a 50-day moving average of $3.05 and a 200-day moving average of $3.03. The firm has a market cap of $100.42 million, a price-to-earnings ratio of -2.02 and a beta of 1.06.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. Sell-side analysts predict that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 19.51%. Cherry Hill Mortgage Investment’s dividend payout ratio is -109.09%.

Insider Buying and Selling at Cherry Hill Mortgage Investment

In other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.64, for a total value of $47,320.00. Following the completion of the transaction, the director now directly owns 19,513 shares in the company, valued at $71,027.32. This trade represents a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter worth approximately $32,000. Wealth Preservation Advisors LLC bought a new position in shares of Cherry Hill Mortgage Investment during the 1st quarter worth approximately $33,000. Banco BTG Pactual S.A. bought a new position in shares of Cherry Hill Mortgage Investment during the 1st quarter worth approximately $36,000. Barclays PLC bought a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $52,000. Finally, Jane Street Group LLC bought a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter worth approximately $68,000. 18.49% of the stock is currently owned by institutional investors.

Cherry Hill Mortgage Investment Company Profile

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.