Stephens Inc. AR raised its holdings in CM Finance Inc (NASDAQ:CMFN) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,165 shares of the investment management company’s stock after purchasing an additional 947 shares during the quarter. Stephens Inc. AR’s holdings in CM Finance were worth $492,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS Group AG increased its stake in CM Finance by 23.3% in the first quarter. UBS Group AG now owns 184,656 shares of the investment management company’s stock valued at $1,874,000 after purchasing an additional 34,840 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in 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 purchasing an additional 5,014 shares during the period. Ares Management LLC increased its stake in CM Finance by 27.1% in the first quarter. Ares Management LLC now owns 68,100 shares of the investment management company’s stock valued at $691,000 after purchasing an additional 14,500 shares during the period. Stifel Financial Corp increased its stake in 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 purchasing an additional 251 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in CM Finance by 19.8% in the second quarter. Eagle Global Advisors LLC now owns 27,217 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 44.08% of the company’s stock.
CM Finance Inc (NASDAQ CMFN) opened at 9.65 on Wednesday. CM Finance Inc has a 1-year low of $8.50 and a 1-year high of $10.80. The firm has a 50-day moving average of $9.94 and a 200-day moving average of $10.17.
CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Wednesday, September 6th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. CM Finance had a net margin of 76.03% and a return on equity of 9.42%. The company had revenue of $7.19 million for the quarter, compared to the consensus estimate of $7.40 million. Equities research analysts forecast that CM Finance Inc will post $1.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.36%. CM Finance’s payout ratio is currently 58.14%.
Separately, Zacks Investment Research upgraded shares of CM Finance from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, September 8th.
In other CM Finance news, CEO Michael Mauer purchased 4,000 shares of CM Finance stock in a transaction dated Monday, September 11th. The shares were bought at an average cost of $9.61 per share, for a total transaction of $38,440.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.75% of the company’s stock.
CM Finance Company Profile
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.
Receive News & Ratings for CM Finance Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CM Finance Inc and related companies with MarketBeat.com's FREE daily email newsletter.