On November 22, 2024, Jeffrey Lown, President of Cherry Hill Mortgage Investment Corp, purchased 10,000 shares of Cherry Hill Mortgage Investment Corp (CHMI, Financial). Following this transaction, the insider now owns a total of 40,128.197 shares in the company. The transaction details can be found in the SEC Filing.
Cherry Hill Mortgage Investment Corp is a real estate finance company that focuses on acquiring, investing in, and managing residential mortgage assets in the United States. The company aims to generate attractive risk-adjusted returns for its shareholders over the long term, primarily through dividends and capital appreciation.
The recent purchase by Jeffrey Lown marks a significant insider buy, as over the past year, the insider has purchased a total of 10,000 shares and has not sold any shares. This activity is part of a broader trend within the company, where there has been 1 insider buy and 0 insider sells over the past year.
On the day of the purchase, shares of Cherry Hill Mortgage Investment Corp were trading at $2.58 each, resulting in a market cap of $80.645 million. Investors may consider this insider buying activity as a potential indicator of confidence in the company's future performance.
For further valuation metrics, the stock's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow can provide additional insights into the stock's valuation.
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