CM Finance (NASDAQ:CMFN) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently commented on CMFN. Zacks Investment Research upgraded shares of CM Finance from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Friday, September 8th. TheStreet cut shares of CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st.

Shares of CM Finance (CMFN) traded up $0.15 during mid-day trading on Friday, hitting $8.75. 61,622 shares of the stock were exchanged, compared to its average volume of 29,268. CM Finance has a 1 year low of $8.00 and a 1 year high of $10.80. The company has a market cap of $119.79, a PE ratio of 8.10 and a beta of 1.35. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.75.

CM Finance (NASDAQ:CMFN) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). CM Finance had a net margin of 74.32% and a return on equity of 8.75%. The business had revenue of $6.73 million for the quarter, compared to the consensus estimate of $7.48 million. equities research analysts expect that CM Finance will post 1 earnings per share for the current year.

In other news, CEO Michael Mauer purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $9.61 per share, for a total transaction of $38,440.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.79% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CMFN. Stephens Inc. AR raised its position in CM Finance by 2.0% in the 2nd quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock worth $492,000 after buying an additional 947 shares during the last quarter. Caxton Corp raised its position in CM Finance by 3.6% in the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock worth $551,000 after buying an additional 1,898 shares during the last quarter. Eagle Global Advisors LLC raised its position in CM Finance by 19.8% in the 2nd quarter. Eagle Global Advisors LLC now owns 27,217 shares of the investment management company’s stock worth $272,000 after buying an additional 4,500 shares during the last quarter. KCG Holdings Inc. purchased a new position in CM Finance in the 1st quarter worth about $133,000. Finally, Ares Management LLC raised its position in CM Finance by 55.2% in the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock worth $1,056,000 after buying an additional 37,596 shares during the last quarter. Institutional investors own 45.38% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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