JPMorgan Chase & Co. Has $1.31 Million Stake in CM Finance Inc (NASDAQ:CMFN)

JPMorgan Chase & Co. boosted its stake in shares of CM Finance Inc (NASDAQ:CMFN) by 1,788.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,620 shares of the investment management company’s stock after buying an additional 134,120 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.03% of CM Finance worth $1,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMFN. Stephens Inc. AR grew its position in shares of 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 buying an additional 947 shares during the last quarter. Caxton Corp grew its position in CM Finance by 3.6% during the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock worth $551,000 after purchasing an additional 1,898 shares during the last quarter. Ares Management LLC grew its position in CM Finance by 55.2% during the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock worth $1,056,000 after purchasing an additional 37,596 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in CM Finance during the 3rd quarter worth approximately $459,000. Institutional investors own 45.24% of the company’s stock.

CM Finance Inc (NASDAQ CMFN) opened at $8.43 on Thursday. CM Finance Inc has a one year low of $7.40 and a one year high of $10.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.91 and a current ratio of 5.91. The stock has a market capitalization of $113.63, a price-to-earnings ratio of 5.14 and a beta of 1.34.

CM Finance (NASDAQ:CMFN) last announced its earnings results 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). CM Finance had a net margin of 74.32% and a return on equity of 8.75%. The firm had revenue of $6.73 million for the quarter, compared to the consensus estimate of $7.48 million. research analysts forecast that CM Finance Inc will post 1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date was Thursday, December 14th. CM Finance’s dividend payout ratio (DPR) is presently 60.98%.

Several analysts have recently commented on CMFN shares. ValuEngine raised shares of CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet cut shares of CM Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st.

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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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