Confluence Investment Management LLC grew its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 54.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,171 shares of the investment management company’s stock after acquiring an additional 86,785 shares during the period. Confluence Investment Management LLC owned 1.81% of CM Finance worth $1,817,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CMFN. Deutsche Bank AG boosted its position in shares of CM Finance by 56.3% during the 4th quarter. Deutsche Bank AG now owns 7,493 shares of the investment management company’s stock worth $46,000 after purchasing an additional 2,700 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of CM Finance during the 4th quarter worth about $70,000. Stephens Inc. AR boosted its position in shares of CM Finance by 8.5% during the 4th quarter. Stephens Inc. AR now owns 29,700 shares of the investment management company’s stock worth $186,000 after purchasing an additional 2,327 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of CM Finance by 14.4% during the 4th quarter. Eagle Global Advisors LLC now owns 11,500 shares of the investment management company’s stock worth $72,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of CM Finance by 40.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 27,759 shares of the investment management company’s stock worth $173,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of CM Finance from a “sell” rating to a “hold” rating and set a $8.25 price target on the stock in a research report on Tuesday, April 9th. ValuEngine cut shares of CM Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th.
CM Finance (NASDAQ:CMFN) last announced its quarterly earnings results on Wednesday, February 6th. The investment management company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. CM Finance had a negative net margin of 0.75% and a positive return on equity of 11.60%. The business had revenue of $9.30 million for the quarter, compared to analysts’ expectations of $8.80 million. As a group, sell-side analysts expect that CM Finance Inc will post 1.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 13.61%. CM Finance’s payout ratio is 71.94%.
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.
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