Analysts forecast that CM Finance Inc (NASDAQ:CMFN) will report $0.26 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for CM Finance’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. CM Finance reported earnings per share of $0.36 during the same quarter last year, which suggests a negative year-over-year growth rate of 27.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that CM Finance will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.02. For the next financial year, analysts forecast that the firm will post earnings of $1.06 per share, with EPS estimates ranging from $0.99 to $1.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow CM Finance.
CM Finance (NASDAQ:CMFN) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). CM Finance had a return on equity of 8.75% and a net margin of 74.32%. The firm had revenue of $6.73 million during the quarter, compared to the consensus estimate of $7.48 million.
Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of CM Finance during the 3rd quarter valued at $459,000. Stephens Inc. AR increased its position in shares of CM Finance by 2.0% during the 2nd quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after purchasing an additional 947 shares during the last quarter. Caxton Corp increased its position in shares of CM Finance by 3.6% during the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 1,898 shares during the last quarter. Ares Management LLC increased its holdings 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 acquiring an additional 37,596 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in CM Finance by 1,788.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after acquiring an additional 134,120 shares during the last quarter. 45.39% of the stock is owned by hedge funds and other institutional investors.
Shares of CM Finance (NASDAQ CMFN) traded up $0.15 on Thursday, hitting $8.45. The company had a trading volume of 47,300 shares, compared to its average volume of 35,900. CM Finance has a 12 month low of $7.40 and a 12 month high of $10.80. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.75. The company has a market cap of $113.63, a PE ratio of 5.15 and a beta of 1.34.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.83%. The ex-dividend date is Thursday, December 14th. CM Finance’s dividend payout ratio (DPR) is presently 60.98%.
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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.
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