CM Finance Inc. (NASDAQ:CMFN)’s share price was up 4.1% during mid-day trading on Monday . The company traded as high as $9.94 and last traded at $9.74, with a volume of 54,231 shares trading hands. The stock had previously closed at $9.36.

Separately, Zacks Investment Research downgraded shares of CM Finance from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th.

The stock’s 50-day moving average price is $8.81 and its 200-day moving average price is $8.61. The firm’s market cap is $133.23 million.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, June 17th were issued a $0.3516 dividend. This represents a $1.41 annualized dividend and a dividend yield of 14.44%. The ex-dividend date was Wednesday, June 15th.

In other news, CEO Michael Mauer sold 6,000 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $8.29, for a total value of $49,740.00. Following the completion of the transaction, the chief executive officer now owns 103,146 shares in the company, valued at approximately $855,080.34. The sale was disclosed in a document filed with the SEC, which is available at this link.

A hedge fund recently raised its stake in CM Finance stock. Advisors Asset Management Inc. increased its stake in shares of CM Finance Inc. (NASDAQ:CMFN) by 13.7% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 823,758 shares of the investment management company’s stock after buying an additional 99,205 shares during the period. Advisors Asset Management Inc.’s holdings in CM Finance were worth $8,254,000 at the end of the most recent quarter.

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.

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