Caxton Corp boosted its position in shares of CM Finance Inc (NASDAQ:CMFN) by 11.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 61,429 shares of the investment management company’s stock after acquiring an additional 6,327 shares during the quarter. CM Finance comprises about 0.6% of Caxton Corp’s portfolio, making the stock its 9th largest position. Caxton Corp owned about 0.45% of CM Finance worth $574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KCG Holdings Inc. acquired a new stake in CM Finance during the 1st quarter worth about $133,000. Macquarie Group Ltd. acquired a new stake in CM Finance during the 3rd quarter worth about $459,000. Stephens Inc. AR lifted its position in CM Finance by 2.0% during 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 period. Ares Management LLC lifted 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 acquiring an additional 37,596 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in CM Finance by 1,788.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after acquiring an additional 134,120 shares during the period. 45.38% of the stock is owned by institutional investors.

CMFN has been the subject of a number of research reports. Zacks Investment Research raised CM Finance from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, September 8th. ValuEngine raised CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, TheStreet cut CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st.

CM Finance Inc (CMFN) opened at $8.40 on Thursday. The stock has a market capitalization of $115.68, a PE ratio of 7.82 and a beta of 1.34. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 0.75. CM Finance Inc has a fifty-two week low of $8.00 and a fifty-two week high of $10.80.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 11.90%. CM Finance’s dividend payout ratio (DPR) is presently 60.98%.

In related news, CEO Michael Mauer acquired 4,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average price of $9.61 per share, with a total value of $38,440.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.79% of the company’s stock.

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CM Finance 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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