Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CMFN Has Earnings Beat - But A 10.8% Quarterly Decline In NAV

|Includes: CM Finance (CMFN)

CMFN Reports NII of $0.4619/share compared to a current Div of $0.3469 Globe NewsWire 2-08-16
CM Finance Inc reported for Q4-15 Total Investment Income of $9.959 million ($0.7285/share); Net Investment Income of $6.315 million ($0.4619/share); and a Net Increase in Net Assets Resulting from Operations was a loss of $15.397 million (- $1.1263/share) due to realized and unrealized portfolio losses of $21.712 million. The Net asset value per share was $12.17 compared to $13.65 last quarter. CMFN IPOed on 2-06-14 at $15.30.

  Q4-15 Q3-15 Q2-15 Q1-15 Q4-14 Q3-14 Q2-14 Q1-14 Q4-13
Realized and Unrealized Gains -21.712 -4,700 -1,586 -6,651 3.471 -19 280 1,546 -1,025
Realized and Unrealized Gains/share -1.5882 -.3439 -.1160 -.4866 .2540 -.0014 .0205 .1131 -.0750

  Q4-15 Q3-15 Q2-15 Q1-15 Q4-14 Q3-14 Q2-14 Q1-14 Q4-13
Interest income 8.708 9.956 11.259 8.086 8.889 6.932 6.113 4.908 4.511
PIK income .721 .239 .219 .179 .163 .561 .492 .413 .411
Fee income .530 .034 .042 .064 .114 .368 .000 .214 .273
Total investment income 9.959 9.869 11.520 8.329 9.207 7.861 6.606 5.534 5.194
Net investment income 6.315 4.869 6.252 4.741 4.613 4.613 4.613 4.162 4.105
Investments @ fair value 0.293 0.324 0.330 0.349 0.316 0.298 0.274 0.277 0.204
Wt Av Share Count 13.671 13.668 13.667 13.667 13.667 13.667 13.667 13.667  
TII/share $0.7285 $0.7221 $0.8429 $0.6094 $0.6737 $0.5752 $0.4833 $0.5534 $0.3800
NII/share $0.4619 $0.3562 $0.4575 $0.3469 $0.3375 $0.3375 $0.3375 $0.3045 $0.3004
NAV/share $12.17 $13.65 $14.41 $14.42 $14.90 $14.65 $14.65 $14.63  
Wt Av Yield 10.31% 11.77% 10.91% 11.20% 10.97% 11.15% 10.44% 10.17% 10.85%

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.