Cherry Hill Mortgage CIO
: On Wednesday, October 9, Jay Lown
, Chief Investment Officer at Cherry Hill Mortgage Investment Corp (NYSE:CHMI)
, purchased 3,750 shares of common stock. The transaction has been filed at the SEC for a price of $20 each share, for a transaction worth a total of $75,000. This is the first time that Mr. Lown acquires shares from Cherry Hill, and shares amount to a capital investment worth $65,325. However, Mr. Lown was not the only one completing transactions.
In the same day, Martin Levine
, Chief Financial Officer at Cherry Hill Mortgage Investment Corp, purchased 5,900 shares common stock. Records at the SEC inform that for each share Mr. Levine paid $17.58, for a total transaction of $103,722. Mr. Levine is a first-timer like Mr. Lown, and has no record of previous acquisitions at the firm. His capital investment is worth $102,778.
The purchase done by Mr. Lown and Levine follows Citadel Investment Group
, a large Shareholder at Cherry Hill Mortgage Investment, and its transactions two days earlier
. The investment group bought 5,800 shares of common stock at a price of $18.41 each, two days earlier, for a transaction worth $106,778. Three days earlier, the group completed two additional transactions for 113,760 and 75,000 shares, the first for $18.59 each and the second for $18.44 each.
Disclosure: Jodor Jalit holds no position in any of the mentioned stocks.
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