CM Finance (NASDAQ:CMFN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $8.25 price target on the investment management company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.86% from the stock’s current price.

According to Zacks, “CM Finance Inc. is an externally managed, closed-end, non-diversified management investment company. It invests primarily in middle-market companies in the U.S. The company invest through unitranche loans and standalone second and first lien loans with an emphasis on floating rate debt as well as in mezzanine loans/structured equity and in the equity of portfolio companies. CM Finance Inc. is based in New York, United States. “

Separately, ValuEngine lowered CM Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th.

CMFN stock opened at $7.31 on Tuesday. CM Finance has a twelve month low of $5.58 and a twelve month high of $9.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $99.38 million, a P/E ratio of 5.18 and a beta of 1.45.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Wednesday, February 6th. The investment management company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. CM Finance had a positive return on equity of 11.60% and a negative net margin of 0.75%. The company had revenue of $9.30 million during the quarter, compared to analyst estimates of $8.80 million. Equities research analysts forecast that CM Finance will post 1.05 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of CMFN. Two Sigma Securities LLC bought a new stake in shares of CM Finance in the 4th quarter worth $70,000. Tower Research Capital LLC TRC increased its holdings in shares of CM Finance by 123.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,222 shares of the investment management company’s stock worth $131,000 after purchasing an additional 8,411 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of CM Finance by 40.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 27,759 shares of the investment management company’s stock worth $173,000 after purchasing an additional 8,000 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of CM Finance by 56.3% in the 4th quarter. Deutsche Bank AG now owns 7,493 shares of the investment management company’s stock worth $46,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of CM Finance by 8.5% in the 4th quarter. Stephens Inc. AR now owns 29,700 shares of the investment management company’s stock worth $186,000 after purchasing an additional 2,327 shares in the last quarter. 50.21% of the stock is owned by institutional investors and hedge funds.

CM Finance Company Profile

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

Featured Article: Call Option

Get a free copy of the Zacks research report on CM Finance (CMFN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CM Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CM Finance and related companies with MarketBeat.com's FREE daily email newsletter.