Penserra Capital Management LLC Purchases 49,600 Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Penserra Capital Management LLC increased its holdings in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) by 22.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 265,787 shares of the real estate investment trust’s stock after buying an additional 49,600 shares during the period. Penserra Capital Management LLC’s holdings in Cherry Hill Mortgage Investment were worth $964,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Forum Financial Management LP purchased a new position in Cherry Hill Mortgage Investment in the second quarter worth about $1,038,000. Renaissance Technologies LLC increased its position in shares of Cherry Hill Mortgage Investment by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after purchasing an additional 37,300 shares during the last quarter. Members Trust Co bought a new position in Cherry Hill Mortgage Investment during the third quarter valued at $47,000. Finally, Hudson Valley Investment Advisors Inc. ADV grew its holdings in Cherry Hill Mortgage Investment by 133.3% during the 3rd 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 Price Performance

Shares of NYSE CHMI opened at $2.71 on Thursday. The company has a market cap of $85.69 million, a P/E ratio of -1.80 and a beta of 1.47. The firm has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $3.53. Cherry Hill Mortgage Investment Co. has a 1 year low of $2.50 and a 1 year high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results 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 period in the prior year, the company earned $0.16 earnings per share. As a group, equities research analysts expect that Cherry Hill Mortgage Investment Co. will post 0.63 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 22.14%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -39.47%.

About Cherry Hill Mortgage Investment

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.