Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Cherry Hill Mortgage Investment Co. (NYSE:CHMI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.02 and traded as low as $2.93. Cherry Hill Mortgage Investment shares last traded at $2.97, with a volume of 157,271 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

Cherry Hill Mortgage Investment Stock Performance

The company has a market capitalization of $96.99 million, a PE ratio of -1.95 and a beta of 1.06. The stock’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.02.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released 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 company had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 20.20%. Cherry Hill Mortgage Investment’s payout ratio is currently -109.09%.

Insider Transactions at Cherry Hill Mortgage Investment

In other news, Director Sharon L. Cook sold 13,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.64, for a total transaction of $47,320.00. Following the transaction, the director now directly owns 19,513 shares in the company, valued at $71,027.32. This represents a 39.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHMI. Jane Street Group LLC raised its holdings in Cherry Hill Mortgage Investment by 262.5% in the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 67,832 shares during the period. Vident Advisory LLC purchased a new position in Cherry Hill Mortgage Investment in the first quarter valued at approximately $123,000. Wealth Preservation Advisors LLC purchased a new position in Cherry Hill Mortgage Investment in the first quarter valued at approximately $33,000. Banco BTG Pactual S.A. purchased a new position in Cherry Hill Mortgage Investment in the first quarter valued at approximately $36,000. Finally, Northern Trust Corp raised its holdings in Cherry Hill Mortgage Investment by 30.9% in the fourth quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 30,330 shares during the period. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

About Cherry Hill Mortgage Investment

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.