Advisors Asset Management Inc. cut its position in CM Finance Inc (NASDAQ:CMFN) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 514,314 shares of the investment management company’s stock after selling 87,472 shares during the quarter. Advisors Asset Management Inc. owned about 3.76% of CM Finance worth $4,809,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Stephens Inc. AR lifted its position in CM Finance by 2.0% in the 2nd quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after purchasing an additional 947 shares during the last quarter. Caxton Corp lifted its position in CM Finance by 3.6% in the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 1,898 shares during the last quarter. Eagle Global Advisors LLC lifted its position in CM Finance by 19.8% in the 2nd 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 last quarter. KCG Holdings Inc. bought a new stake in CM Finance in the 1st quarter valued at about $133,000. Finally, Ares Management LLC lifted its position in CM Finance by 55.2% in the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock valued at $1,056,000 after purchasing an additional 37,596 shares during the last quarter. Hedge funds and other institutional investors own 45.02% of the company’s stock.

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In related news, CEO Michael Mauer bought 4,000 shares of the stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $9.61 per share, with a total value of $38,440.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.79% of the stock is currently owned by company insiders.

Shares of CM Finance Inc (NASDAQ CMFN) opened at $8.25 on Wednesday. The firm has a market cap of $114.32, a PE ratio of 7.73 and a beta of 1.37. CM Finance Inc has a 52-week low of $8.00 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 5.91 and a quick ratio of 5.91.

CM Finance (NASDAQ:CMFN) last issued its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The firm had revenue of $6.73 million during the quarter, compared to the consensus estimate of $7.48 million. CM Finance had a net margin of 74.32% and a return on equity of 8.75%. equities analysts predict that CM Finance Inc will post 1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 12.12%. CM Finance’s payout ratio is 60.98%.

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 report on Friday, September 8th.

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.

Institutional Ownership by Quarter for CM Finance (NASDAQ:CMFN)

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