CM Finance Inc (NASDAQ:CMFN) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation.

A number of research firms have weighed in on CMFN. TheStreet downgraded CM Finance from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. ValuEngine downgraded CM Finance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Redburn Partners downgraded CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. Raymond James Financial downgraded CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, UBS Group downgraded CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday.

Shares of CM Finance (NASDAQ CMFN) opened at $7.80 on Friday. CM Finance has a 52 week low of $7.40 and a 52 week high of $10.80. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $106.79, a P/E ratio of 5.69 and a beta of 1.27.

CM Finance (NASDAQ:CMFN) last posted its earnings results on Wednesday, February 7th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. CM Finance had a return on equity of 7.98% and a net margin of 63.54%. The business had revenue of $8.45 million during the quarter, compared to analysts’ expectations of $7.67 million. analysts anticipate that CM Finance will post 1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Friday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date of this dividend is Thursday, March 15th. CM Finance’s dividend payout ratio (DPR) is currently 72.99%.

A number of large investors have recently added to or reduced their stakes in the business. Caxton Corp boosted its position in CM Finance by 11.5% during the 3rd 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 position in CM Finance during the 3rd quarter worth approximately $459,000. Finally, JPMorgan Chase & Co. boosted its position in CM Finance by 1,788.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after acquiring an additional 134,120 shares during the last quarter. 44.91% of the stock is owned by hedge funds and other institutional investors.

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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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