Insider Buying: Martin Levine Acquires 3,200 Shares of Cherry Hill Mortgage Investment Corp Stock (CHMI)
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) CFO Martin Levine purchased 3,200 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $60,800.00. Following the completion of the transaction, the chief financial officer now directly owns 9,100 shares of the company’s stock, valued at approximately $172,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.67.
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 52 week low of $17.13 and a 52 week 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 P/E ratio of 3.09.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) last announced its earnings results on Tuesday, May 13th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02.
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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