CM Finance Inc (NASDAQ:CMFN) has been given a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Brokerages have set a 12 month consensus price objective of $11.00 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given CM Finance an industry rank of 221 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently weighed in on the company. ValuEngine raised CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet downgraded CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ares Management LLC lifted its holdings 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 during the period. Macquarie Group Ltd. acquired a new stake in shares of CM Finance during the third quarter worth $459,000. Caxton Corp lifted its holdings in shares of CM Finance by 11.5% during the third quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock worth $574,000 after purchasing an additional 6,327 shares during the period. Stephens Inc. AR lifted its holdings in shares of CM Finance by 2.0% during the second quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock worth $492,000 after purchasing an additional 947 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $1,310,000 after purchasing an additional 134,120 shares during the period. 45.39% of the stock is owned by hedge funds and other institutional investors.

Shares of CM Finance (CMFN) opened at $8.27 on Thursday. The firm has a market capitalization of $113.29, a P/E ratio of 5.04 and a beta of 1.34. CM Finance has a fifty-two week low of $7.40 and a fifty-two week 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.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data 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). The firm had revenue of $6.73 million during the quarter, compared to analyst estimates of $7.48 million. CM Finance had a net margin of 74.32% and a return on equity of 8.75%. sell-side analysts predict that CM Finance will post 1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.09%. The ex-dividend date of this dividend was Thursday, December 14th. CM Finance’s dividend payout ratio is presently 60.98%.

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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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