CM Finance Inc (CMFN) Receives Consensus Rating of “Hold” from Analysts
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.
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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