CM Finance (NASDAQ:CMFN) released its earnings results on Thursday. The investment management company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25, Fidelity Earnings reports. The company had revenue of $8.26 million during the quarter, compared to the consensus estimate of $8.61 million. CM Finance had a return on equity of 11.10% and a net margin of 38.31%.
Shares of CMFN stock traded up $0.03 on Friday, reaching $8.14. 9,339 shares of the stock were exchanged, compared to its average volume of 17,215. The company has a market cap of $111.11 million, a P/E ratio of 5.85 and a beta of 1.15. CM Finance has a one year low of $7.40 and a one year high of $9.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.29%. CM Finance’s payout ratio is currently 71.94%.
CMFN has been the subject of a number of recent research reports. Zacks Investment Research downgraded CM Finance from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. ValuEngine upgraded CM Finance from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Finally, TheStreet downgraded CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.75.
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About CM Finance
CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.
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