Short Interest in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Increases By 60.5%

Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Get Rating) saw a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 1,990,000 shares, a growth of 60.5% from the December 15th total of 1,240,000 shares. Based on an average trading volume of 283,600 shares, the short-interest ratio is currently 7.0 days.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds have recently modified their holdings of CHMI. Vanguard Group Inc. boosted its position in shares of Cherry Hill Mortgage Investment by 15.9% in the third quarter. Vanguard Group Inc. now owns 852,082 shares of the real estate investment trust’s stock worth $4,184,000 after acquiring an additional 117,191 shares during the last quarter. Kore Private Wealth LLC lifted its position in Cherry Hill Mortgage Investment by 46.8% during the second quarter. Kore Private Wealth LLC now owns 193,858 shares of the real estate investment trust’s stock valued at $1,241,000 after buying an additional 61,775 shares in the last quarter. Renaissance Technologies LLC lifted its position in Cherry Hill Mortgage Investment by 5.8% during the second quarter. Renaissance Technologies LLC now owns 837,384 shares of the real estate investment trust’s stock valued at $5,359,000 after buying an additional 46,100 shares in the last quarter. Virtu Financial LLC acquired a new position in Cherry Hill Mortgage Investment during the first quarter valued at approximately $177,000. Finally, LPL Financial LLC lifted its position in Cherry Hill Mortgage Investment by 21.1% during the second quarter. LPL Financial LLC now owns 130,035 shares of the real estate investment trust’s stock valued at $832,000 after buying an additional 22,697 shares in the last quarter. 16.87% of the stock is owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Trading Up 3.2 %

NYSE:CHMI opened at $6.68 on Friday. Cherry Hill Mortgage Investment has a twelve month low of $4.58 and a twelve month high of $8.33. The company has a market capitalization of $140.21 million, a P/E ratio of 2.56 and a beta of 1.18. The firm has a 50-day moving average price of $6.00 and a two-hundred day moving average price of $6.10.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.08 annualized dividend and a dividend yield of 16.17%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 41.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHMI. StockNews.com began coverage on shares of Cherry Hill Mortgage Investment in a report on Wednesday, October 12th. They issued a “hold” rating for the company. B. Riley cut their price target on shares of Cherry Hill Mortgage Investment from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, October 25th.

About Cherry Hill Mortgage Investment

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Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company operates through the following segments: Investments in RMBS, Investments in Servicing Related Assets and All Other segment. It also invests in agency residential mortgage backed securities, prime jumbo mortgage loans and other residential mortgage assets.