Virtus ETF Advisers LLC Takes $1.94 Million Position in CM Finance Inc (NASDAQ:CMFN)
Virtus ETF Advisers LLC acquired a new stake in shares of CM Finance Inc (NASDAQ:CMFN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 255,416 shares of the investment management company’s stock, valued at approximately $1,944,000. Virtus ETF Advisers LLC owned approximately 1.88% of CM Finance as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMFN. Deutsche Bank AG increased its stake in CM Finance by 56.3% in the fourth quarter. Deutsche Bank AG now owns 7,493 shares of the investment management company’s stock valued at $46,000 after purchasing an additional 2,700 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CM Finance by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 186,786 shares of the investment management company’s stock worth $1,421,000 after acquiring an additional 11,360 shares in the last quarter. Callodine Capital Management LP acquired a new position in shares of CM Finance in the second quarter worth $304,000. Finally, Acadian Asset Management LLC lifted its position in shares of CM Finance by 40.1% during the 1st quarter. Acadian Asset Management LLC now owns 35,141 shares of the investment management company’s stock worth $259,000 after purchasing an additional 10,061 shares during the last quarter. Hedge funds and other institutional investors own 44.47% of the company’s stock.
Shares of NASDAQ CMFN remained flat at $$7.01 during trading on Friday. The stock 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 debt-to-equity ratio of 0.24, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a 50-day moving average of $7.17 and a 200-day moving average of $7.37. The stock has a market cap of $95.48 million, a PE ratio of 5.04 and a beta of 1.29.
CM Finance Profile
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.
Further Reading: Diluted Earnings Per Share
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