CM Finance Inc (NASDAQ:CMFN) – Research analysts at Oppenheimer Holdings raised their FY2018 EPS estimates for CM Finance in a research note issued on Thursday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the investment management company will post earnings per share of $1.01 for the year, up from their previous estimate of $1.00. Oppenheimer Holdings also issued estimates for CM Finance’s Q4 2018 earnings at $0.26 EPS.

Separately, Zacks Investment Research upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Monday, July 17th.

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CM Finance (NASDAQ:CMFN) traded down 0.256% on Friday, hitting $9.725. 3,372 shares of the company were exchanged. CM Finance has a one year low of $8.50 and a one year high of $10.80. The stock has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.20.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Wednesday, September 6th. The investment management company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. CM Finance had a net margin of 76.03% and a return on equity of 9.48%. The business had revenue of $7.19 million for the quarter, compared to analyst estimates of $7.40 million.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.26%. CM Finance’s payout ratio is 58.14%.

Several hedge funds have recently made changes to their positions in CMFN. Ares Management LLC lifted its position in shares of CM Finance by 55.2% during the second quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock worth $1,056,000 after purchasing an additional 37,596 shares in the last quarter. UBS Group AG lifted its position in shares of CM Finance by 23.3% during the first quarter. UBS Group AG now owns 184,656 shares of the investment management company’s stock worth $1,874,000 after purchasing an additional 34,840 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of CM Finance during the first quarter worth approximately $133,000. Eagle Global Advisors LLC lifted its position in shares of CM Finance by 30.0% during the first quarter. Eagle Global Advisors LLC now owns 22,717 shares of the investment management company’s stock worth $231,000 after purchasing an additional 5,240 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of CM Finance by 5.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 105,232 shares of the investment management company’s stock worth $1,068,000 after purchasing an additional 5,014 shares in the last quarter. Institutional investors own 44.11% of the company’s stock.

About CM Finance

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.

Earnings History and Estimates for CM Finance (NASDAQ:CMFN)

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