CM Finance Inc. (NASDAQ:CMFN) has received a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a buy rating to the company.
Analysts have set a 12 month consensus target price of $11.00 for the company and are predicting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given CM Finance an industry rank of 223 out of 265 based on the ratings given to related companies.
Several brokerages recently issued reports on CMFN. Zacks Investment Research lowered CM Finance from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of CM Finance in a report on Wednesday, August 31st. Finally, TheStreet raised CM Finance from a “sell” rating to a “hold” rating in a report on Friday, July 22nd.
CM Finance (NASDAQ:CMFN) opened at 9.10 on Wednesday. The stock’s 50 day moving average price is $9.50 and its 200 day moving average price is $9.01. CM Finance has a 12 month low of $6.33 and a 12 month high of $12.44.
CM Finance (NASDAQ:CMFN) last issued its quarterly earnings results on Tuesday, August 30th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.14. CM Finance had a positive return on equity of 11.69% and a negative net margin of 26.26%. Equities research analysts expect that CM Finance will post $1.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a yield of 15.45%. The ex-dividend date of this dividend is Wednesday, September 14th. CM Finance’s payout ratio is -204.35%.
A number of large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its stake in CM Finance by 0.3% in the second quarter. Stifel Financial Corp now owns 45,610 shares of the investment management company’s stock worth $405,000 after buying an additional 118 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new position in shares of CM Finance during the second quarter valued at approximately $124,000. Raymond James & Associates increased its position in shares of CM Finance by 0.8% in the second quarter. Raymond James & Associates now owns 269,185 shares of the investment management company’s stock valued at $2,390,000 after buying an additional 2,157 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of CM Finance by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 862,738 shares of the investment management company’s stock valued at $7,661,000 after buying an additional 19,490 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of CM Finance by 5.7% in the second quarter. Oppenheimer & Co. Inc. now owns 37,056 shares of the investment management company’s stock valued at $329,000 after buying an additional 2,000 shares during the last quarter. 41.41% of the stock is currently owned by institutional investors.
CM Finance Company Profile
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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