Connor Clark & Lunn Investment Management Ltd. Buys Shares of 13,395 Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,395 shares of the real estate investment trust’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Cherry Hill Mortgage Investment by 2.7% in the 1st 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 period. Forum Financial Management LP purchased a new position in shares of Cherry Hill Mortgage Investment in the second quarter valued at $1,038,000. Renaissance Technologies LLC increased its position in Cherry Hill Mortgage Investment by 7.9% in the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock worth $1,843,000 after purchasing an additional 37,300 shares during the last quarter. Members Trust Co purchased a new stake in Cherry Hill Mortgage Investment during the third quarter valued at $47,000. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its position in 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 purchasing an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Stock Down 3.6 %

Cherry Hill Mortgage Investment stock opened at $2.67 on Tuesday. The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $3.52. The company has a market cap of $84.43 million, a PE ratio of -1.76 and a beta of 1.47. Cherry Hill Mortgage Investment Co. has a twelve month low of $2.50 and a twelve month high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings data 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 company had revenue of $14.33 million for 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 in the previous year, the business posted $0.16 EPS. As a group, sell-side analysts expect that Cherry Hill Mortgage Investment Co. will post 0.63 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

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

Cherry Hill Mortgage Investment 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.