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CM Finance (NASDAQ:CMFN) Director Robert P. Ryder purchased 2,600 shares of the stock on the open market in a transaction dated Friday, May 30th. The stock was purchased at an average cost of $13.81 per share, with a total value of $35,906.00. Following the completion of the acquisition, the director now directly owns 12,719 shares in the company, valued at approximately $175,649. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of CM Finance (NASDAQ:CMFN) traded down 1.67% on Wednesday, hitting $14.09. 19,413 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 has a 50-day moving average of $13.84 and a 200-day moving average of $14.71.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results 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. On average, analysts predict that CM Finance will post $0.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 9.42%. The ex-dividend date is Thursday, June 12th.

A number of analysts have recently weighed in on CMFN shares. 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 analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. CM Finance has a consensus rating of “Buy” and an average target price of $23.25.

CM Finance Inc is specialty finance company that invests primarily in the debt of United States middle-market Company.

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