Campbell & CO Investment Adviser LLC Has $138,000 Position in Cherry Hill Mortgage Investment Corp (NYSE:CHMI)

Campbell & CO Investment Adviser LLC reduced its holdings in shares of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 41.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,562 shares of the real estate investment trust’s stock after selling 7,540 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Cherry Hill Mortgage Investment were worth $138,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Denali Advisors LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the second quarter valued at about $90,000. Nisa Investment Advisors LLC grew its position in shares of Cherry Hill Mortgage Investment by 51.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 674 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Cherry Hill Mortgage Investment by 6.1% in the second quarter. Bessemer Group Inc. now owns 59,500 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 3,400 shares during the last quarter. Advantage Investment Management LLC grew its position in shares of Cherry Hill Mortgage Investment by 16.7% in the second quarter. Advantage Investment Management LLC now owns 16,311 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 2,337 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Cherry Hill Mortgage Investment in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 54.84% of the company’s stock.

Several research firms have recently commented on CHMI. Zacks Investment Research raised Cherry Hill Mortgage Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, August 9th. JMP Securities decreased their target price on Cherry Hill Mortgage Investment from $20.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, September 5th. Finally, ValuEngine raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.33.

Cherry Hill Mortgage Investment stock opened at $13.31 on Wednesday. Cherry Hill Mortgage Investment Corp has a 12 month low of $11.81 and a 12 month high of $19.35. The stock’s 50 day moving average is $13.10 and its 200-day moving average is $15.23. The company has a market capitalization of $221.89 million, a price-to-earnings ratio of 5.92 and a beta of 0.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Cherry Hill Mortgage Investment had a positive return on equity of 13.23% and a negative net margin of 89.15%. The company had revenue of $5.51 million for the quarter, compared to the consensus estimate of $6.08 million. Sell-side analysts predict that Cherry Hill Mortgage Investment Corp will post 1.98 EPS for the current year.

The business also recently declared a 0.49000 dividend, which will be paid on Tuesday, October 29th. Investors of record on Monday, September 30th will be given a dividend of $0.40 per share. This represents a yield of 15.4%. The ex-dividend date of this dividend is Friday, September 27th. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 71.11%.

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. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.

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

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