Cherry Hill Mortgage Investment (NYSE:CHMI) Share Price Crosses Below Two Hundred Day Moving Average of $5.96

Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.96 and traded as low as $5.00. Cherry Hill Mortgage Investment shares last traded at $5.04, with a volume of 362,376 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research report on Friday, March 10th.

Cherry Hill Mortgage Investment Trading Up 0.2 %

The business’s 50-day moving average is $5.38 and its two-hundred day moving average is $5.96. The stock has a market capitalization of $130.02 million, a PE ratio of -3.41 and a beta of 1.26.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Investors of record on Friday, March 31st were given a dividend of $0.27 per share. The ex-dividend date was Thursday, March 30th. This represents a $1.08 dividend on an annualized basis and a yield of 21.43%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is -72.97%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CI Private Wealth LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at about $1,566,000. Marshall Wace LLP grew its stake in shares of Cherry Hill Mortgage Investment by 955.1% during the fourth quarter. Marshall Wace LLP now owns 188,086 shares of the real estate investment trust’s stock valued at $1,091,000 after acquiring an additional 170,260 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Cherry Hill Mortgage Investment during the first quarter valued at about $888,000. Millennium Management LLC grew its stake in shares of Cherry Hill Mortgage Investment by 586.7% during the fourth quarter. Millennium Management LLC now owns 164,276 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 140,352 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at about $809,000. 16.87% of the stock is owned by hedge funds and other institutional investors.

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. It also invests in agency residential mortgage-backed securities, prime jumbo mortgage loans and other residential mortgage assets.