CM Finance Inc (CMFN) Given Consensus Rating of “Hold” by Analysts

Shares of CM Finance Inc (NASDAQ:CMFN) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating.

CMFN has been the topic of several research analyst reports. ValuEngine raised shares of CM Finance from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Redburn Partners cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th. Raymond James Financial cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th. Finally, UBS cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday, February 9th.

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Shares of CM Finance stock traded up $0.15 during mid-day trading on Friday, hitting $8.20. 21,365 shares of the stock were exchanged, compared to its average volume of 20,255. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.52 and a quick ratio of 1.52. CM Finance has a twelve month low of $7.40 and a twelve month high of $10.80. The stock has a market capitalization of $112.27, a P/E ratio of 7.13 and a beta of 1.21.

CM Finance (NASDAQ:CMFN) last released its earnings results on Wednesday, February 7th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $8.45 million for the quarter, compared to analysts’ expectations of $7.67 million. analysts forecast that CM Finance will post 1.04 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Friday, March 16th will be given a $0.25 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 12.20%. CM Finance’s dividend payout ratio is presently 86.96%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caxton Corp boosted its position in shares of CM Finance by 11.5% in the third quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock worth $574,000 after acquiring an additional 6,327 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of CM Finance in the third quarter worth approximately $459,000. Kennedy Capital Management Inc. acquired a new position in CM Finance during the fourth quarter valued at approximately $719,000. Finally, JPMorgan Chase & Co. lifted its position in 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 valued at $1,310,000 after buying an additional 134,120 shares in the last quarter. 45.81% of the stock is currently owned by institutional investors and hedge funds.

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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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