Insider Buying: Jay Lown Acquires 1,350 Shares of Cherry Hill Mortgage Investment Corp Stock (CHMI)
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) Insider Jay Lown bought 1,350 shares of Cherry Hill Mortgage Investment Corp stock on the open market in a transaction that occurred on Friday, May 16th. The stock was purchased at an average price of $18.87 per share, for a total transaction of $25,474.50. Following the completion of the purchase, the insider now directly owns 5,100 shares in the company, valued at approximately $96,237. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) traded up 0.64% on Monday, hitting $19.101. The stock had a trading volume of 13,008 shares. Cherry Hill Mortgage Investment Corp has a 1-year low of $17.13 and a 1-year high of $19.69. The stock’s 50-day moving average is $19.0 and its 200-day moving average is $18.35. The company has a market cap of $143.4 million and a price-to-earnings ratio of 3.09.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.02.
A number of analysts have recently weighed in on CHMI shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Cherry Hill Mortgage Investment Corp in a research note on Tuesday, April 1st. They now have a $21.00 price target on the stock, up previously from $20.00. Analysts at Barclays raised their price target on shares of Cherry Hill Mortgage Investment Corp from $22.00 to $24.00 in a research note on Wednesday, March 26th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $21.67.
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company focuses to acquire, invest in and manage residential mortgage assets in the United States.
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