CM Finance Inc (NASDAQ:CMFN) Lifted to “Hold” at Zacks Investment Research
CM Finance Inc (NASDAQ:CMFN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “CM Finance Inc. is an externally managed, closed-end, non-diversified management investment company. It invests primarily in middle-market companies in the U.S. The company invest through unitranche loans and standalone second and first lien loans with an emphasis on floating rate debt as well as in mezzanine loans/structured equity and in the equity of portfolio companies. CM Finance Inc. is based in New York, United States. “
CM Finance (CMFN) traded down 0.69% on Monday, hitting $10.10. The company’s stock had a trading volume of 16,709 shares. CM Finance has a 1-year low of $8.50 and a 1-year high of $10.80. The company has a 50 day moving average price of $10.33 and a 200-day moving average price of $10.04.
CM Finance (NASDAQ:CMFN) last announced its quarterly earnings data on Wednesday, May 10th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. CM Finance had a net margin of 72.19% and a return on equity of 10.11%. The firm had revenue of $7.08 million for the quarter, compared to analysts’ expectations of $7.24 million. Analysts anticipate that CM Finance will post $1.14 EPS for the current year.
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A number of large investors have recently bought and sold shares of the company. KCG Holdings Inc. bought a new stake in shares of CM Finance during the first quarter worth approximately $133,000. Eagle Global Advisors LLC raised its stake in shares of CM Finance by 30.0% in the first quarter. Eagle Global Advisors LLC now owns 22,717 shares of the investment management company’s stock worth $231,000 after buying an additional 5,240 shares during the last quarter. Stifel Financial Corp raised its stake in shares of CM Finance by 0.7% in the first quarter. Stifel Financial Corp now owns 36,556 shares of the investment management company’s stock worth $367,000 after buying an additional 251 shares during the last quarter. Stephens Inc. AR raised its stake in shares of CM Finance by 2.8% in the first quarter. Stephens Inc. AR now owns 48,218 shares of the investment management company’s stock worth $489,000 after buying an additional 1,328 shares during the last quarter. Finally, Ares Management LLC raised its stake in shares of CM Finance by 27.1% in the first quarter. Ares Management LLC now owns 68,100 shares of the investment management company’s stock worth $691,000 after buying an additional 14,500 shares during the last quarter. Institutional investors own 42.16% of the company’s stock.
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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