Oppenheimer & Co. Inc. increased its position in CM Finance Inc. (NASDAQ:CMFN) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 37,056 shares of the investment management company’s stock after buying an additional 2,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in CM Finance were worth $329,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Stephens Inc. AR increased its position in shares of CM Finance by 3.2% in the second quarter. Stephens Inc. AR now owns 48,823 shares of the investment management company’s stock worth $434,000 after buying an additional 1,523 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of CM Finance by 0.9% in the second quarter. Confluence Investment Management LLC now owns 197,616 shares of the investment management company’s stock worth $1,755,000 after buying an additional 1,694 shares during the last quarter. Finally, UBS Group AG increased its position in shares of CM Finance by 5.0% in the first quarter. UBS Group AG now owns 138,534 shares of the investment management company’s stock worth $1,164,000 after buying an additional 6,544 shares during the last quarter. Hedge funds and other institutional investors own 41.41% of the company’s stock.
CM Finance Inc. (NASDAQ:CMFN) traded down 1.30% on Wednesday, hitting $9.13. The stock had a trading volume of 33,472 shares. The firm’s 50-day moving average price is $9.62 and its 200-day moving average price is $8.96. CM Finance Inc. has a 1-year low of $6.33 and a 1-year high of $12.44.
CM Finance (NASDAQ:CMFN) last announced its quarterly earnings data on Tuesday, August 30th. The investment management company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.14. CM Finance had a positive return on equity of 11.69% and a negative net margin of 26.26%. Equities research analysts expect that CM Finance Inc. will post $1.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be given a $0.3516 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 15.20%. CM Finance’s dividend payout ratio is currently -204.35%.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded CM Finance from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Oppenheimer Holdings Inc. restated a “hold” rating on shares of CM Finance in a research note on Wednesday, August 31st. Finally, TheStreet raised CM Finance from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd.
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.
Want to see what other hedge funds are holding CMFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CM Finance Inc. (NASDAQ:CMFN).
Receive News & Ratings for CM Finance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CM Finance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.