Cm Finance Inc (CMFN): Michael Mauer , CEO of Cm Finance Inc purchased 6,000 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.56 per share for a total value of $51,241.68 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Michael Mauer (Chief Executive Officer) sold 6,000 shares at $8.29 per share price.On Dec 16, 2015, Keith Lee (director) purchased 3,700 shares at $10.19 per share price.Also, On Dec 11, 2015, Robert P Ryder (director) purchased 4,500 shares at $10.51 per share price.On Dec 3, 2015, Christopher E Jansen (President and Secretary) purchased 1,000 shares at $10.90 per share price.
Shares of CM Finance Inc (CMFN) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -2.61% at $8.2 with 39,118 shares getting traded. Post opening the session at $8.4, the shares hit an intraday low of $8 and an intraday high of $8.4 and the price vacillated in this range throughout the day. The company has a market cap of $112 M and the number of outstanding shares has been calculated to be 1,36,79,686 shares. The 52-week high of CM Finance Inc is $14.35 and the 52-week low is $6.33.
CM Finance Inc is an externally managed non-diversified closed-end management investment company. The Company invests primarily in the debt of middle-market companies in the United States. Its 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. It seeks to invest primarily in lower middle-market companies. It is focused on companies with leading market positions significant asset or franchise values and strong free cash flow. Its investments typically range in size from $5 million to $25 million. It invests in unitranche loans and standalone second and first lien loans with an emphasis on floating rate debt. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies. CM Investment Partners is an investment adviser and serves as its external investment adviser.