Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Down 14.9% in August

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 274,100 shares, a decrease of 14.9% from the August 15th total of 322,200 shares. Based on an average daily volume of 160,700 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, July 10th.

Cherry Hill Mortgage Investment Stock Performance

Shares of NYSE CHMI traded up $0.03 during trading hours on Wednesday, hitting $3.68. The stock had a trading volume of 379,511 shares, compared to its average volume of 189,888. The company has a market capitalization of $110.47 million, a P/E ratio of -7.14 and a beta of 1.46. The firm’s 50-day moving average price is $3.63 and its two-hundred day moving average price is $3.60. Cherry Hill Mortgage Investment has a 52 week low of $2.77 and a 52 week high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The business had revenue of $13.68 million for the quarter. Cherry Hill Mortgage Investment had a negative net margin of 8.28% and a positive return on equity of 16.36%. During the same quarter in the prior year, the company earned $0.16 EPS. As a group, analysts expect that Cherry Hill Mortgage Investment will post 0.63 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 16.30%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -117.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jump Financial LLC acquired a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter worth $171,000. Oxford Asset Management LLP acquired a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter worth about $89,000. Cannell Capital LLC acquired a new stake in Cherry Hill Mortgage Investment in the 4th quarter valued at approximately $2,516,000. Quadrature Capital Ltd bought a new position in Cherry Hill Mortgage Investment in the 4th quarter worth approximately $98,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Cherry Hill Mortgage Investment by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock worth $4,843,000 after buying an additional 36,039 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

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.