Caxton Corp buys $320,335 stake in CM Finance Inc (CMFN)

CM Finance Inc (CMFN) : Caxton Corp scooped up 5,027 additional shares in CM Finance Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 33,247 shares of CM Finance Inc which is valued at $320,335.CM Finance Inc makes up approximately 1.66% of Caxton Corp’s portfolio.

Other Hedge Funds, Including , Nuveen Fund Advisors added CMFN to its portfolio by purchasing 13,932 company shares during the most recent quarter which is valued at $134,235. CM Finance Inc makes up approx 0.02% of Nuveen Fund Advisors’s portfolio.Raymond James Associates boosted its stake in CMFN in the latest quarter, The investment management firm added 2,157 additional shares and now holds a total of 269,185 shares of CM Finance Inc which is valued at $2,593,597. CM Finance Inc makes up approx 0.01% of Raymond James Associates’s portfolio.

CM Finance Inc opened for trading at $9.63 and hit $9.67 on the upside on Thursday, eventually ending the session at $9.67, with a gain of 0.52% or 0.05 points. The heightened volatility saw the trading volume jump to 21,197 shares. Company has a market cap of $132 M.

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.

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