Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Orange Capital Follows Citadel Into Cherry Hill Mortgage Investment

Daniel Lewis’ Orange Capital just now disclosed initiating a stake in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). The position held by Lewis involves 545,000 shares and represents 7.3% of the company. The company went on its IPO about a week ago, and Ken Griffin‘s Citadel Advisors yesterday disclosed purchasing a passive stake in the company.

Cherry Hill Mortgage Investment Corp

In the 13G filing, Griffin reported owning around 7.6% of the company. However, later, in a Form 4, he disclosed holding only 400,000 shares of Cherry Hill, which places his stake at around 5%. After selling 6.5 million shares on the IPO at a price of $20 apiece, the stock price of Cherry Hill has lost around 4% since then.

Disclosure: none

Recommended Reading:

Outerwall, Pandora & Achillion All Targets of Mega-Hedge Funds

These Hedge Fund Trades Could Drastically Affect Your Holdings

Warren Buffett, Smart Money Love This Duo

Loading...