CM Finance Inc (NASDAQ:CMFN) – Research analysts at Oppenheimer decreased their Q4 2018 earnings estimates for shares of CM Finance in a research report issued on Thursday. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will earn $0.25 per share for the quarter, down from their previous forecast of $0.26. Oppenheimer also issued estimates for CM Finance’s Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $1.04 EPS.
A number of other brokerages have also recently issued reports on CMFN. ValuEngine raised shares of CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet cut shares of CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Raymond James Financial cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a report on Friday. UBS Group cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Redburn Partners cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $11.00.
CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Wednesday, February 7th. The investment management company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. CM Finance had a net margin of 63.54% and a return on equity of 7.98%. The company had revenue of $8.45 million during the quarter, compared to the consensus estimate of $7.67 million.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.82%. CM Finance’s payout ratio is 72.99%.
Several hedge funds have recently modified their holdings of CMFN. 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 during the period. Macquarie Group Ltd. bought a new stake in shares of CM Finance in the 3rd quarter valued at about $459,000. 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 during the period. 44.91% of the stock is currently owned by institutional investors.
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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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