JPMorgan Chase & Co. Increases Stake in CM Finance Inc (CMFN)

JPMorgan Chase & Co. grew its holdings in CM Finance Inc (NASDAQ:CMFN) by 1,788.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 141,620 shares of the investment management company’s stock after buying an additional 134,120 shares during the period. JPMorgan Chase & Co.’s holdings in CM Finance were worth $1,310,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of CM Finance in the third quarter valued at about $459,000. Stephens Inc. AR raised its holdings in shares of CM Finance by 2.0% in the second quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after buying an additional 947 shares during the last quarter. Caxton Corp raised its holdings in shares of CM Finance by 3.6% in the second quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock valued at $551,000 after buying an additional 1,898 shares during the last quarter. Finally, Ares Management LLC raised its holdings in shares of CM Finance by 55.2% in the second quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock valued at $1,056,000 after buying an additional 37,596 shares during the last quarter. 45.39% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented 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.

CM Finance Inc (CMFN) opened at $8.27 on Thursday. The stock has a market cap of $113.29, a PE ratio of 5.04 and a beta of 1.34. CM Finance Inc has a 1-year low of $7.40 and a 1-year 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.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). The firm had revenue of $6.73 million for the quarter, compared to analysts’ expectations of $7.48 million. CM Finance had a return on equity of 8.75% and a net margin of 74.32%. analysts predict that CM Finance Inc will post 1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 12.09%. CM Finance’s dividend payout ratio is currently 60.98%.

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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.

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Institutional Ownership by Quarter for CM Finance (NASDAQ:CMFN)

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