Analysts expect CM Finance Inc (NASDAQ:CMFN) to post sales of $7.67 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for CM Finance’s earnings, with the lowest sales estimate coming in at $7.50 million and the highest estimate coming in at $7.84 million. CM Finance posted sales of $9.15 million during the same quarter last year, which suggests a negative year over year growth rate of 16.2%. The business is expected to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that CM Finance will report full year sales of $7.67 million for the current year, with estimates ranging from $30.00 million to $30.93 million. For the next fiscal year, analysts forecast that the business will report sales of $34.28 million per share, with estimates ranging from $32.90 million to $35.66 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow CM Finance.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). CM Finance had a return on equity of 8.75% and a net margin of 74.32%. The business had revenue of $6.73 million during the quarter, compared to analysts’ expectations of $7.48 million.

Several research firms have recently weighed in on CMFN. TheStreet cut CM Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Zacks Investment Research cut CM Finance from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, ValuEngine upgraded CM Finance from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

CM Finance (CMFN) opened at $8.30 on Friday. CM Finance has a one year low of $7.40 and a one year high of $10.80. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $115.68, a price-to-earnings ratio of 5.06 and a beta of 1.34.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.05%. The ex-dividend date was Thursday, December 14th. CM Finance’s dividend payout ratio is currently 60.98%.

A number of institutional investors have recently bought and sold shares of the stock. Caxton Corp increased its position in CM Finance by 11.5% during the third quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock valued at $574,000 after acquiring an additional 6,327 shares during the last quarter. JPMorgan Chase & Co. increased its position in CM Finance by 1,788.3% during the third quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock valued at $1,310,000 after acquiring an additional 134,120 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in CM Finance during the third quarter valued at $459,000. Ares Management LLC increased its position in CM Finance by 55.2% during the second quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock valued at $1,056,000 after acquiring an additional 37,596 shares during the last quarter. Finally, Stephens Inc. AR increased its position in CM Finance by 2.0% during the second quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after acquiring an additional 947 shares during the last quarter. Institutional investors own 45.39% 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.

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