Shares of CM Finance Inc (NASDAQ:CMFN) have received a consensus broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a buy rating on the company.
Analysts have set a twelve-month consensus price target of $11.00 for the company and are forecasting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given CM Finance an industry rank of 209 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on the company. ValuEngine raised CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet lowered CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research lowered CM Finance from a “buy” rating to a “hold” rating in a report on Monday, September 11th.
CM Finance (NASDAQ CMFN) remained flat at $$8.35 during mid-day trading on Thursday. The company had a trading volume of 30,305 shares, compared to its average volume of 33,309. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.91 and a current ratio of 5.91. The firm has a market capitalization of $114.31, a price-to-earnings ratio of 7.73 and a beta of 1.34. CM Finance has a twelve month low of $8.00 and a twelve month high of $10.80.
CM Finance (NASDAQ:CMFN) last issued its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). CM Finance had a net margin of 74.32% and a return on equity of 8.75%. The firm had revenue of $6.73 million during the quarter, compared to analyst estimates of $7.48 million. sell-side analysts predict that CM Finance will post 1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date of this dividend is Thursday, December 14th. CM Finance’s dividend payout ratio is 60.98%.
In other news, CEO Michael Mauer acquired 4,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were purchased at an average cost of $9.61 per share, with a total value of $38,440.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.79% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. bought a new stake in shares of CM Finance during the 1st quarter valued at $133,000. Macquarie Group Ltd. bought a new stake in shares of CM Finance during the 3rd quarter valued at $459,000. Stephens Inc. AR lifted its position in shares of CM Finance by 2.0% during the 2nd quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after acquiring an additional 947 shares during the period. Caxton Corp lifted its position in shares of CM Finance by 3.6% during the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock valued at $551,000 after acquiring an additional 1,898 shares during the period. Finally, Ares Management LLC lifted its position in shares of CM Finance by 55.2% during the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock valued at $1,056,000 after acquiring an additional 37,596 shares during the period. Hedge funds and other institutional investors own 45.38% of the company’s stock.
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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