Cherry Hill Mortgage Investment Corp (CHMI) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.48. The company posted revenue of $3.53 million in the period, compared to analysts expectations of $5.30 million. The company’s revenue was down -23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Cherry Hill Mortgage Investment Corp opened for trading at $14.14 and hit $14.4 on the upside on Friday, eventually ending the session at $14.4, with a gain of 0.77% or 0.11 points. The heightened volatility saw the trading volume jump to 10,785 shares. Company has a market cap of $108 M.
In a different news, on Aug 17, 2015, Martin Levine (CFO) purchased 1,000 shares at $16.21 per share price. According to the SEC, on May 14, 2015, Jay Lown (President and CIO) purchased 1,000 shares at $17.80 per share price.
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.