ClariVest Asset Management LLC Buys 8,700 Shares of Cherry Hill Mortgage Investment Corporation (CHMI)

ClariVest Asset Management LLC raised its stake in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 276,300 shares of the real estate investment trust’s stock after purchasing an additional 8,700 shares during the quarter. ClariVest Asset Management LLC owned 2.17% of Cherry Hill Mortgage Investment Corporation worth $5,001,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in shares of Cherry Hill Mortgage Investment Corporation by 0.9% during the second quarter. Wells Fargo & Company MN now owns 10,928 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 100 shares during the period. C M Bidwell & Associates Ltd. increased its stake in shares of Cherry Hill Mortgage Investment Corporation by 19.4% during the second quarter. C M Bidwell & Associates Ltd. now owns 9,300 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,510 shares during the period. Monarch Partners Asset Management LLC increased its stake in shares of Cherry Hill Mortgage Investment Corporation by 8.7% during the second quarter. Monarch Partners Asset Management LLC now owns 24,862 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 2,000 shares during the period. Sei Investments Co. increased its stake in shares of Cherry Hill Mortgage Investment Corporation by 102.6% during the second quarter. Sei Investments Co. now owns 8,570 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 4,339 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Cherry Hill Mortgage Investment Corporation by 68.1% during the first quarter. Bank of New York Mellon Corp now owns 21,471 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 8,701 shares during the period. Hedge funds and other institutional investors own 62.44% of the company’s stock.

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Shares of Cherry Hill Mortgage Investment Corporation (CHMI) traded up $0.08 during mid-day trading on Friday, reaching $17.98. The company had a trading volume of 72,200 shares, compared to its average volume of 129,441. The stock has a market capitalization of $228.72, a PE ratio of 8.21 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 12 month low of $16.40 and a 12 month high of $19.43.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $5.84 million for the quarter, compared to analysts’ expectations of $5.55 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 136.70%. During the same period in the prior year, the firm earned $0.54 earnings per share. equities analysts anticipate that Cherry Hill Mortgage Investment Corporation will post 2.2 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Friday, September 29th were paid a $0.49 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.96 annualized dividend and a yield of 10.90%. Cherry Hill Mortgage Investment Corporation’s payout ratio is 29.04%.

CHMI has been the topic of several research analyst reports. ValuEngine cut Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating and issued a $19.50 price target on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday, October 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Cherry Hill Mortgage Investment Corporation in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cherry Hill Mortgage Investment Corporation has a consensus rating of “Buy” and an average target price of $19.40.

Cherry Hill Mortgage Investment Corporation Profile

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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Institutional Ownership by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

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