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

CMFN has been the topic of several other research reports. ValuEngine raised shares of CM Finance from a hold rating to a buy rating in a research report on Friday, December 1st. TheStreet lowered shares of CM Finance from a b- rating to a c+ rating in a research report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of $11.00.

CM Finance (NASDAQ:CMFN) traded down $0.40 on Friday, reaching $7.80. 112,111 shares of the company’s stock were exchanged, compared to its average volume of 31,347. The company has a current ratio of 1.52, a quick ratio of 5.91 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $101.58, a PE ratio of 4.76 and a beta of 1.27. CM Finance has a 52-week low of $7.40 and a 52-week high of $10.80.

CM Finance (NASDAQ:CMFN) last released its earnings results on Tuesday, November 7th. The investment management company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The company had revenue of $6.73 million during the quarter, compared to analysts’ expectations of $7.48 million. CM Finance had a net margin of 63.54% and a return on equity of 7.98%. sell-side analysts expect that CM Finance will post 1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.82%. The ex-dividend date is Thursday, March 15th. CM Finance’s dividend payout ratio (DPR) is currently 60.98%.

Several hedge funds and other institutional investors have recently bought and sold shares of CMFN. Macquarie Group Ltd. bought a new stake in shares of CM Finance in the third quarter valued at approximately $459,000. Caxton Corp raised its position in shares of CM Finance by 11.5% in the third quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock valued at $574,000 after purchasing an additional 6,327 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of 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 valued at $1,310,000 after purchasing an additional 134,120 shares during the period. 44.96% of the stock is currently owned by institutional investors.

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About CM Finance

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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