UBS Group downgraded shares of CM Finance (NASDAQ:CMFN) from an outperform rating to a market perform rating in a research report report published on Friday, The Fly reports.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine raised shares of CM Finance from a hold rating to a buy rating in a report on Friday, December 1st. TheStreet cut shares of CM Finance from a b- rating to a c+ rating in a report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus target price of $11.00.

CM Finance (NASDAQ CMFN) opened at $7.75 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.69. CM Finance has a twelve month low of $7.40 and a twelve month high of $10.80. The stock has a market cap of $106.79, a PE ratio of 5.66 and a beta of 1.27.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Friday, March 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 12.90%. CM Finance’s dividend payout ratio is currently 72.99%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caxton Corp lifted its holdings in CM Finance by 11.5% in the third 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. JPMorgan Chase & Co. lifted its holdings in CM Finance by 1,788.3% in the third 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. Finally, Macquarie Group Ltd. bought a new stake in shares of CM Finance during the third quarter valued at approximately $459,000. 44.91% of the stock is currently 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.

The Fly

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