ValuEngine Downgrades CM Finance (CMFN) to Hold

ValuEngine lowered shares of CM Finance (NASDAQ:CMFN) from a buy rating to a hold rating in a research note released on Wednesday.

Several other equities analysts have also issued reports on CMFN. TheStreet lowered CM Finance from a b- rating to a c+ rating in a research report on Tuesday, November 21st. UBS Group lowered CM Finance from an outperform rating to a market perform rating in a research report on Friday, February 9th. Raymond James Financial lowered CM Finance from an outperform rating to a market perform rating in a research report on Friday, February 9th. Finally, Redburn Partners lowered CM Finance from an outperform rating to a market perform rating in a research report on Friday, February 9th. Five 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.

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CM Finance (NASDAQ CMFN) opened at $8.70 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69. CM Finance has a 1 year low of $7.40 and a 1 year high of $10.80. The stock has a market capitalization of $119.11, a P/E ratio of 8.79 and a beta of 1.21.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.67 million. analysts predict that CM Finance will post 1.04 earnings per share for the current year.

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 11.49%. 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caxton Corp lifted its holdings in CM Finance by 14.6% in the 4th quarter. Caxton Corp now owns 70,402 shares of the investment management company’s stock worth $574,000 after buying an additional 8,973 shares during the period. Kennedy Capital Management Inc. purchased a new stake in CM Finance in the 4th quarter worth approximately $719,000. JPMorgan Chase & Co. lifted its holdings in CM Finance by 1,788.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after buying an additional 134,120 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in CM Finance in the 3rd quarter worth approximately $459,000. Institutional investors and hedge funds own 45.72% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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