Cherry Hill Mortgage Investment Corp (CHMI) Releases Earnings Results, Beats Expectations By $0.04 EPS

Cherry Hill Mortgage Investment Corp (CHMI) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.49. Analysts expectations of $5.40 million. During the same quarter in the previous year, the company posted $0.48 EPS.

Cherry Hill Mortgage Investment Corp closed down -0.01 points or -0.06% at $15.55 with 34,110 shares getting traded on Monday. Post opening the session at $15.62, the shares hit an intraday low of $15.54 and an intraday high of $15.6783 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 16, 2016, Martin Levine (CFO) purchased 1,000 shares at $14.72 per share price. According to the SEC, on May 16, 2016, Julian Evans (Chief Investment Officer) purchased 500 shares at $14.74 per share price. On May 14, 2015, Jay Lown (President and CIO) purchased 1,000 shares at $17.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Cherry Hill Mortgage Investment Corp

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