Advisors Asset Management Inc. cut its position in CM Finance Inc (NASDAQ:CMFN) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of CMFN. KCG Holdings Inc. bought a new stake in CM Finance in the 1st quarter worth $133,000. Eagle Global Advisors LLC grew its holdings 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 worth $272,000 after acquiring an additional 4,500 shares during the last quarter. Stephens Inc. AR grew its holdings 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 worth $492,000 after acquiring an additional 947 shares during the last quarter. Caxton Corp boosted its stake in shares of CM Finance by 3.6% during 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 in the last quarter. Finally, Ares Management LLC boosted its stake in shares of CM Finance by 55.2% during 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 in the last quarter. Hedge funds and other institutional investors own 45.38% of the company’s stock.
CM Finance Inc (CMFN) traded down $0.05 on Thursday, hitting $8.35. 36,077 shares of the company’s stock were exchanged, compared to its average volume of 29,198. CM Finance Inc has a fifty-two week low of $8.00 and a fifty-two week high of $10.80. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $115.68, a price-to-earnings ratio of 7.82 and a beta of 1.34.
CM Finance (NASDAQ:CMFN) last released its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). CM Finance had a net margin of 74.32% and a return on equity of 8.75%. The business had revenue of $6.73 million for the quarter, compared to analysts’ expectations of $7.48 million. equities research analysts expect that CM Finance Inc will post 1 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.98%. The ex-dividend date is Thursday, December 14th. CM Finance’s dividend payout ratio is currently 60.98%.
In other CM Finance news, CEO Michael Mauer bought 4,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available through this link. Corporate insiders own 1.79% of the company’s stock.
A number of brokerages recently issued reports on CMFN. TheStreet cut shares of CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. ValuEngine raised shares of CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of CM Finance from a “buy” rating to a “hold” rating in a research report on Monday, September 11th.
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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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