Cherry Hill Mortgage Investment Corp (CHMI): Julian Evans , Chief Investment Officer of Cherry Hill Mortgage Investment Corp purchased 500 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.74 per share for a total value of $7,370.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 17, 2015, Martin Levine (CFO) purchased 1,000 shares at $16.21 per share price.On May 14, 2015, Jay Lown (President and CIO) purchased 1,000 shares at $17.80 per share price.
Cherry Hill Mortgage Investment Corp: On Friday, May 13, 2016 heightened volatility was witnessed in Cherry Hill Mortgage Investment Corp which led to swings in the share price. The shares opened for trading at $14.58 and hit $14.74 on the upside , eventually ending the session at $14.74, with a gain of 1.03% or 0.15 points. The heightened volatility saw the trading volume jump to 34,726 shares. The 52-week high of the share price is $17.93 and the company has a market cap of $111 M . The 52-week low of the share price is at $12.6.
Cherry Hill Mortgage Investment Corporation (CHMI) is a residential real estate finance company focused on acquiring investing in and managing residential mortgage assets in the United States. CHMI’s principal objective is to generate current yields and risk-adjusted total returns for its stockholders over the long term primarily through dividend distributions and secondarily through capital appreciation. The Company operates through two segments: investments in residential mortgage-backed securities (RMBS) and investments in Servicing Related Assets which includes mortgage servicing right (MSR) and Excess MSR an interest in an MSR. The Company manages a portfolio of Excess MSRs RMBS prime mortgage loans and other cashflowing residential mortgage assets. The Company is externally managed by Cherry Hill Mortgage Management LLC an investment adviser and an affiliate of Freedom Mortgage Corporation.