CM Finance Inc (CMFN) Receives Average Rating of “Hold” from Brokerages

CM Finance Inc (NASDAQ:CMFN) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.75.

Several research analysts have commented on CMFN shares. ValuEngine raised shares of CM Finance from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Zacks Investment Research downgraded shares of CM Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Raymond James raised shares of CM Finance from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 10th. Finally, TheStreet raised shares of CM Finance from a “c+” rating to a “b-” rating in a research note on Wednesday, May 30th.

CMFN traded down $0.45 on Thursday, reaching $9.35. The company had a trading volume of 109,300 shares, compared to its average volume of 33,739. The company has a market capitalization of $135.21 million, a P/E ratio of 8.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. CM Finance has a 52-week low of $7.40 and a 52-week high of $10.45.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Tuesday, May 8th. The investment management company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $8.67 million for the quarter, compared to the consensus estimate of $7.77 million. CM Finance had a net margin of 54.18% and a return on equity of 8.13%. equities analysts anticipate that CM Finance will post 1.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.70%. The ex-dividend date is Thursday, June 14th. CM Finance’s dividend payout ratio (DPR) is presently 86.96%.

A hedge fund recently raised its stake in CM Finance stock. Caxton Corp grew its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 1,050.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 809,772 shares of the investment management company’s stock after acquiring an additional 739,370 shares during the quarter. CM Finance accounts for approximately 7.5% of Caxton Corp’s holdings, making the stock its 4th biggest holding. Caxton Corp owned approximately 5.92% of CM Finance worth $6,640,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 50.07% 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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