Shares of CM Finance Inc (NASDAQ:CMFN) have earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating.
A number of analysts have recently commented on CMFN shares. ValuEngine raised CM Finance from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. UBS Group cut CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday. Redburn Partners cut CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday. Raymond James Financial cut CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, TheStreet cut CM Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caxton Corp increased its stake in CM Finance by 11.5% during the 3rd quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock worth $574,000 after purchasing an additional 6,327 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CM Finance by 1,788.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after purchasing an additional 134,120 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in CM Finance during the 3rd quarter worth approximately $459,000. 44.91% of the stock is owned by institutional investors and hedge funds.
Shares of CM Finance (NASDAQ:CMFN) opened at $7.80 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $106.79, a PE ratio of 5.69 and a beta of 1.27. CM Finance has a 52 week low of $7.40 and a 52 week high of $10.80.
CM Finance (NASDAQ:CMFN) last announced its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $8.45 million during the quarter, compared to analysts’ expectations of $7.67 million. CM Finance had a return on equity of 7.98% and a net margin of 63.54%. sell-side analysts predict that CM Finance will post 1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.82%. CM Finance’s dividend payout ratio (DPR) is presently 72.99%.
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CM Finance Company Profile
CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s 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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