Oppenheimer & Co. Inc. cut its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,715 shares of the investment management company’s stock after selling 3,988 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.32% of CM Finance worth $333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Deutsche Bank AG boosted its position in shares of CM Finance by 56.3% during the fourth quarter. Deutsche Bank AG now owns 7,493 shares of the investment management company’s stock worth $46,000 after buying an additional 2,700 shares during the period. Acadian Asset Management LLC boosted its position in shares of CM Finance by 40.1% during the first quarter. Acadian Asset Management LLC now owns 35,141 shares of the investment management company’s stock worth $259,000 after buying an additional 10,061 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of CM Finance by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 186,786 shares of the investment management company’s stock worth $1,421,000 after buying an additional 11,360 shares during the period. Institutional investors and hedge funds own 44.47% of the company’s stock.

Separately, ValuEngine raised CM Finance from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

NASDAQ:CMFN remained flat at $$7.01 during midday trading on Thursday. The company had a trading volume of 19,322 shares, compared to its average volume of 18,491. CM Finance Inc has a 1 year low of $5.58 and a 1 year high of $9.60. The company has a market cap of $95.48 million, a P/E ratio of 5.04 and a beta of 1.29. The company’s 50 day moving average price is $7.17 and its 200-day moving average price is $7.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.16 and a quick ratio of 0.16.

About CM Finance

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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

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