Shares of CM Finance Inc (NASDAQ:CMFN) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating.
A number of equities analysts recently weighed in on the stock. Redburn Partners cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. Raymond James Financial cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. UBS Group cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. ValuEngine cut shares of CM Finance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, TheStreet cut shares of CM Finance from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. purchased a new position in CM Finance in the 3rd quarter valued at approximately $459,000. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $1,310,000 after purchasing an additional 134,120 shares in the last quarter. Finally, Caxton Corp raised its holdings in shares of CM Finance by 11.5% in the 3rd quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock valued at $574,000 after purchasing an additional 6,327 shares in the last quarter. 44.96% of the stock is owned by institutional investors.
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 Zacks’ consensus estimate of $0.25 by ($0.03). The company had revenue of $6.73 million for the quarter, compared to analysts’ expectations of $7.48 million. CM Finance had a return on equity of 8.75% and a net margin of 74.32%. equities analysts predict that CM Finance will post 1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Friday, March 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 annualized dividend and a yield of 12.82%. CM Finance’s dividend payout ratio 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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