CM Finance (NASDAQ:CMFN) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of CM Finance (NASDAQ:CMFN) from a sell rating to a hold rating in a research note issued to investors on Friday, September 14th.

CMFN has been the subject of several other reports. TheStreet upgraded CM Finance from a c+ rating to a b- rating in a research note on Wednesday, May 30th. Zacks Investment Research lowered CM Finance from a strong-buy rating to a hold rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. CM Finance currently has a consensus rating of Hold and a consensus price target of $9.75.

Shares of NASDAQ CMFN traded down $0.02 during trading hours on Friday, reaching $8.65. The stock had a trading volume of 14,900 shares, compared to its average volume of 30,615. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $117.39 million, a price-to-earnings ratio of 6.25 and a beta of 1.18. CM Finance has a twelve month low of $7.40 and a twelve month high of $9.90.

CM Finance (NASDAQ:CMFN) last issued its earnings results on Wednesday, September 5th. The investment management company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.54. CM Finance had a return on equity of 11.10% and a net margin of 38.31%. The business had revenue of $16.94 million during the quarter, compared to analyst estimates of $8.64 million. On average, research analysts anticipate that CM Finance will post 1.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, September 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.00 annualized dividend and a yield of 11.56%. CM Finance’s dividend payout ratio is currently 71.94%.

An institutional investor recently raised its position in CM Finance stock. Caxton Corp lifted its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 1,050.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 809,772 shares of the investment management company’s stock after purchasing an additional 739,370 shares during the period. CM Finance accounts for about 7.5% of Caxton Corp’s portfolio, making the stock its 4th largest position. Caxton Corp owned 5.92% of CM Finance worth $6,640,000 as of its most recent SEC filing. 51.91% of the stock is owned by institutional investors and hedge funds.

CM Finance Company Profile

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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