Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Cherry Hill Mortgage Investment Stock Performance
Shares of NYSE CHMI traded up $0.02 during midday trading on Friday, reaching $3.54. 190,695 shares of the company traded hands, compared to its average volume of 208,019. The firm has a market cap of $95.37 million, a PE ratio of -1.77 and a beta of 1.47. The stock’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.76. Cherry Hill Mortgage Investment has a 12 month low of $2.77 and a 12 month high of $6.92.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CHMI. Wolverine Asset Management LLC bought a new position in shares of Cherry Hill Mortgage Investment in the third quarter valued at about $685,000. Penserra Capital Management LLC raised its holdings in shares of Cherry Hill Mortgage Investment by 16.7% in the second quarter. Penserra Capital Management LLC now owns 83,609 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 11,959 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Cherry Hill Mortgage Investment in the second quarter valued at about $59,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at about $59,000. Finally, FMR LLC raised its holdings in shares of Cherry Hill Mortgage Investment by 540.5% in the first quarter. FMR LLC now owns 9,562 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 8,069 shares during the last quarter. 13.71% of the stock is owned by institutional investors.
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 (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cherry Hill Mortgage Investment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cherry Hill Mortgage Investment wasn’t on the list.
While Cherry Hill Mortgage Investment currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat’s analysts have just released their top five short plays for March 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
-plc-logo-1200x675-551x431.jpg){kind=logo}
