Michael Mauer Acquires 4,000 Shares of CM Finance Inc (CMFN) Stock

CM Finance Inc (NASDAQ:CMFN) CEO Michael Mauer purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $9.61 per share, with a total value of $38,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CM Finance Inc (NASDAQ:CMFN) remained flat at $9.70 on Friday. The company’s stock had a trading volume of 16,592 shares. The company’s 50 day moving average price is $9.99 and its 200 day moving average price is $10.19. CM Finance Inc has a 52-week low of $8.50 and a 52-week high of $10.80.

CM Finance (NASDAQ:CMFN) last released its quarterly earnings results on Wednesday, September 6th. The investment management company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. CM Finance had a return on equity of 9.42% and a net margin of 76.03%. The company had revenue of $7.19 million for the quarter, compared to analysts’ expectations of $7.40 million. On average, equities research analysts predict that CM Finance Inc will post $1.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.36%. The ex-dividend date of this dividend is Thursday, September 7th. CM Finance’s dividend payout ratio (DPR) is 58.14%.

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Separately, Zacks Investment Research upgraded CM Finance from a “sell” rating to a “hold” rating in a report on Monday, July 17th.

Large investors have recently added to or reduced their stakes in the business. Stephens Inc. AR lifted its stake in CM Finance by 2.8% during the first quarter. Stephens Inc. AR now owns 48,218 shares of the investment management company’s stock worth $489,000 after purchasing an additional 1,328 shares in the last quarter. Ares Management LLC lifted its stake in CM Finance by 27.1% during the first quarter. Ares Management LLC now owns 68,100 shares of the investment management company’s stock worth $691,000 after purchasing an additional 14,500 shares in the last quarter. Stifel Financial Corp raised its stake in shares of CM Finance by 0.7% in the first quarter. Stifel Financial Corp now owns 36,556 shares of the investment management company’s stock valued at $367,000 after acquiring an additional 251 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of CM Finance by 5.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 105,232 shares of the investment management company’s stock valued at $1,068,000 after acquiring an additional 5,014 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in shares of CM Finance by 30.0% in the first quarter. Eagle Global Advisors LLC now owns 22,717 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 5,240 shares in the last quarter. Institutional investors own 44.11% of the company’s stock.

About CM Finance

CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.

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