CM Finance Insider Acquires $84,960 in Stock (CMFN)
CM Finance (NASDAQ:CMFN) Insider Christopher E. Jansen bought 6,000 shares of CM Finance stock in a transaction dated Thursday, May 29th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $84,960.00. Following the completion of the acquisition, the insider now directly owns 69,667 shares in the company, valued at approximately $986,485. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CMFN. Analysts at Zacks initiated coverage on shares of CM Finance in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. Separately, analysts at Raymond James upgraded shares of CM Finance from an “outperform” rating to a “strong-buy” rating in a research note on Monday, April 14th. They now have a $16.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of CM Finance from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. CM Finance presently has a consensus rating of “Buy” and an average price target of $23.25.
CM Finance (NASDAQ:CMFN) traded up 1.23% during mid-day trading on Friday, hitting $13.98. 65,795 shares of the company’s stock traded hands. CM Finance has a 52 week low of $12.60 and a 52 week high of $17.04. The stock’s 50-day moving average is $13.80 and its 200-day moving average is $14.7.
CM Finance (NASDAQ:CMFN) last released its earnings data on Wednesday, May 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.18. Analysts expect that CM Finance will post $0.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date of this dividend is Thursday, June 12th.
CM Finance Inc is specialty finance company that invests primarily in the debt of United States middle-market Company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.