Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its position in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) by 83.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,153 shares of the real estate investment trust’s stock after purchasing an additional 151,989 shares during the period. Wolverine Asset Management LLC owned about 1.06% of Cherry Hill Mortgage Investment worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at $32,000. Barclays PLC acquired a new position in shares of Cherry Hill Mortgage Investment in the 3rd quarter valued at $52,000. Geode Capital Management LLC lifted its stake in shares of Cherry Hill Mortgage Investment by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 23,947 shares during the period. Penserra Capital Management LLC raised its position in Cherry Hill Mortgage Investment by 22.9% during the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 49,600 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cherry Hill Mortgage Investment during the third quarter worth $49,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CHMI shares. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. B. Riley upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price objective for the company. Finally, StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Monday, February 17th.

Cherry Hill Mortgage Investment Stock Up 1.2 %

Cherry Hill Mortgage Investment stock opened at $3.68 on Friday. Cherry Hill Mortgage Investment Co. has a 52-week low of $2.50 and a 52-week high of $3.99. The firm has a market capitalization of $116.22 million, a price-to-earnings ratio of -2.42 and a beta of 1.40. The company has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.19.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.33%. The ex-dividend date was Tuesday, December 31st. Cherry Hill Mortgage Investment’s payout ratio is -39.47%.

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.