Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Update

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 479,900 shares, a growth of 5.7% from the October 31st total of 453,900 shares. Based on an average daily trading volume, of 241,600 shares, the days-to-cover ratio is currently 2.0 days.

Cherry Hill Mortgage Investment Price Performance

Shares of CHMI stock remained flat at $2.67 on Tuesday. 178,391 shares of the stock were exchanged, compared to its average volume of 206,437. The stock’s 50 day moving average price is $3.21 and its 200-day moving average price is $3.51. The stock has a market capitalization of $84.43 million, a price-to-earnings ratio of -1.76 and a beta of 1.39. Cherry Hill Mortgage Investment has a 12 month low of $2.50 and a 12 month high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $14.33 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same quarter last year, the firm posted $0.16 earnings per share. Research analysts forecast that Cherry Hill Mortgage Investment will post 0.63 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 22.47%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -39.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Members Trust Co bought a new position in Cherry Hill Mortgage Investment in the 3rd quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cherry Hill Mortgage Investment in the third quarter worth $49,000. Barclays PLC acquired a new stake in Cherry Hill Mortgage Investment in the third quarter worth $52,000. Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of Cherry Hill Mortgage Investment by 133.3% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 16,000 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Cherry Hill Mortgage Investment in the 3rd quarter worth about $665,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

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.