MICHAEL MAURER, CEO of CM Finance Inc, purchased 67,000 shares of CM Finance INC (Stock Symbol: CMFN) at $15 per share for a total amount of $202.667 thousand on February 11th, 2014.
CM Finance Inc is based in New York, NY.
On 02/11/2014, CM Finance Inc announced that on February 11, 2014 it closed its initial public offering of 7,666,666 shares of its common stock, including 1,000,000 shares pursuant to the full exercise of the overallotment option granted to the underwriters, at a public offering price of $15.00 per share for total gross proceeds of $115.0 million.
According to Capital IQ, CM Finance Inc has a market cap of $201 million.
CM Finance Inc. is a specialty finance company that invests primarily in the debt of United States middle-market Company. The Company’s investment objective is to maximize total return to stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. CM Investment Partners LLC is the investment adviser of the Company.
Michael Maurer is 53 years old.
According to his biography, Mr. Michael C. Mauer is Chairman of the Board, Chief Executive Officer of CM Finance Inc. Michael C. Mauer is our Chief Executive Officer and Chairman of our board of directors. Mr. Mauer has also served as the Managing Partner and Co-Chief Investment Officer of CM Investment Partners, LP since January 2012. Mr. Mauer is a member of the Adviser’s investment committee and board of managers. Mr. Mauer served as a Senior Managing Director and head of the leveraged loan effort at Cyrus Capital Partners, L.P. since September 2011. Mr. Mauer intends to resign from Cyrus Capital Partners, L.P. upon our election to be regulated as a BDC. From July 2009 to September 2010, Mr. Mauer worked for Icahn Capital where he was a Senior Managing Director and a member of the investment team. In addition, he was in charge of the firm’s Marketing and Investor Relations. Prior to that, Mr. Mauer was a Managing Director at Citigroup Inc. (NYSE: C), a financial services company, from 2001 to 2009. During that time he led several businesses including Global Co-Head of Leveraged Finance and Global Co-Head of Fixed Income Currency and Commodity Distribution. In addition, during this period he was a senior member of Citigroup Inc.’s credit committee responsible for all underwriting and principal commitments of leveraged finance capital worldwide. From 1988 to 2001, Mr. Mauer held several positions at JPMorgan including Head of North American Investment Grade and Leverage Loan Syndicate, Sales and Trading businesses. Mr. Mauer began his career in 1982 at Price Waterhouse & Co., where he was a Senior Accountant and a C.P.A. Mr. Mauer received a B.S. from the University of Scranton and an M.B.A. from Columbia University.
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .
About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.
Recent Comments