Short Interest in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Decreases By 32.3%

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 305,200 shares, a decrease of 32.3% from the February 13th total of 450,700 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 327,600 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently modified their holdings of CHMI. Root Financial Partners LLC acquired a new position in Cherry Hill Mortgage Investment in the fourth quarter valued at $32,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment during the third quarter worth about $49,000. Barclays PLC purchased a new stake in Cherry Hill Mortgage Investment during the third quarter worth about $52,000. Jane Street Group LLC purchased a new stake in Cherry Hill Mortgage Investment during the fourth quarter worth about $68,000. Finally, Virtu Financial LLC purchased a new stake in Cherry Hill Mortgage Investment during the fourth quarter worth about $130,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHMI has been the subject of several research analyst reports. 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 assumed 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 target for the company. Finally, StockNews.com 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 Price Performance

Shares of NYSE:CHMI traded up $0.09 during mid-day trading on Friday, reaching $3.59. 306,735 shares of the company were exchanged, compared to its average volume of 236,654. The firm has a market cap of $113.47 million, a price-to-earnings ratio of -2.36 and a beta of 1.42. The firm’s 50-day simple moving average is $3.26 and its 200 day simple moving average is $3.19. Cherry Hill Mortgage Investment has a 1 year low of $2.50 and a 1 year high of $3.99.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $0.66 million during the quarter, compared to analysts’ expectations of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. On average, research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.72%. Cherry Hill Mortgage Investment’s payout ratio is 1,000.00%.

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.