Insider Buying: Cherry Hill Mortgage Investment Corp CFO Buys 1,500 Shares of Stock (CHMI)
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) CFO Martin Levine purchased 1,500 shares of Cherry Hill Mortgage Investment Corp stock on the open market in a transaction that occurred on Monday, August 25th. The stock was purchased at an average cost of $19.78 per share, for a total transaction of $29,670.00. Following the acquisition, the chief financial officer now directly owns 10,600 shares in the company, valued at approximately $209,668. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CHMI shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cherry Hill Mortgage Investment Corp in a research note on Thursday, August 14th. They now have a $22.00 price target on the stock, up previously from $21.00. Analysts at JMP Securities initiated coverage on shares of Cherry Hill Mortgage Investment Corp in a research note on Thursday, August 7th. They set an “outperform” rating and a $21.50 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.70.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) traded up 0.86% on Monday, hitting $19.91. 37,392 shares of the company’s stock traded hands. Cherry Hill Mortgage Investment Corp has a 52 week low of $17.13 and a 52 week high of $20.56. The stock has a 50-day moving average of $19.84 and a 200-day moving average of $19.18. The company has a market cap of $149.5 million and a price-to-earnings ratio of 6.98.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) last announced its earnings results on Tuesday, August 12th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.