Analyzing Cherry Hill Mortgage Investment Corporation (CHMI) After Recent Trading Activity


In a filing, Cherry Hill Mortgage Investment Corporation revealed its President Lown Jeffrey B acquired Company’s shares for reported $28764.0 on Jun 20. In the deal valued at $4.79 per share,6,000 shares were bought. As a result of this transaction, Lown Jeffrey B now holds 21,507 shares worth roughly $ 86888.28.

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Then, Lown Jeffrey B bought 1,500 shares, generating $7,693 in total proceeds. Upon buying the shares at $5.13, the President now owns 15,264 shares.

JMP Securities downgraded its Cherry Hill Mortgage Investment Corporation [CHMI] rating to a Mkt perform from a a Mkt outperform in a research note published on Friday.

Price Performance Review of CHMI

On Friday, Cherry Hill Mortgage Investment Corporation [NYSE:CHMI] saw its stock jump 2.54% to $4.04. On the same session, the stock had its day’s lowest price of $3.95, but rose to a high of $4.06. Over the last five days, the stock has gained 4.66%. Cherry Hill Mortgage Investment Corporation shares have fallen nearly -30.34% since the year began. Nevertheless, the stocks have fallen -36.39% over the past one year. While a 52-week high of $7.24 was reached on 02/09/23, a 52-week low of $3.70 was recorded on 08/22/23. SMA at 50 days reached $4.24, while 200 days put it at $5.42. A total of 0.18 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For CHMI Stock

The 24-hour chart illustrates a support level at 3.97, which if violated will result in even more drops to 3.91. On the upside, there is a resistance level at 4.08. A further resistance level may holdings at 4.13. The Relative Strength Index (RSI) on the 14-day chart is 50.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.56%. Stochastics %K at 70.69% indicates the stock is a holding.

How much short interest is there in Cherry Hill Mortgage Investment Corporation?

A steep rise in short interest was recorded in Cherry Hill Mortgage Investment Corporation stocks on Aug 14, 2023, dropping by 80000.0 shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.21 million shares. There was a decline of -7.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.11.

Cherry Hill Mortgage Investment Corporation [CHMI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,029,079 shares, or roughly 3.99% of the outstanding CHMI shares. In other words, the investor’s shares have risen by 17,130 from its previous 13-F filing of 1011949.0. Additionally, Renaissance Technologies LLC decreased -10.79% of its stake after which the total value it holdings stand at $2,696,495, while BlackRock Fund Advisors added 15.63% of its stake to hold $1.79 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 56,030 shares of Cherry Hill Mortgage Investment Corporation, while Corient Private Wealth LLC bought -15,676 shares. At present, Two Sigma Advisers LP is holding 139,132 shares valued at $0.61 million. GSA Capital Partners LLP owned 128,477 shares of the company at the time of its most recent 13F filing, worth $0.56 million.

According to FactSet, Cherry Hill Mortgage Investment Corporation’s share price will average $5.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.25 percent from its previous closing price of $3.94. Analysts expect Cherry Hill Mortgage Investment Corporation stock to reach the higher price of $5.50, while the lowest price estimate is $5.00. However, 2 analysts have rated CHMI stock as a Buy in their predictions for 2023.


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