ValuEngine upgraded shares of CM Finance (NASDAQ:CMFN) from a sell rating to a hold rating in a report published on Tuesday morning.

A number of other analysts have also recently commented on CMFN. Zacks Investment Research cut CM Finance from a hold rating to a sell rating in a research report on Monday, September 10th. TheStreet lowered shares of CM Finance from a b- rating to a c rating in a research report on Friday, September 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $9.75.

Shares of CMFN stock traded down $0.21 during mid-day trading on Tuesday, hitting $6.78. The company’s stock had a trading volume of 1,130 shares, compared to its average volume of 44,251. CM Finance has a 52-week low of $5.58 and a 52-week high of $9.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $98.23 million, a P/E ratio of 4.88 and a beta of 1.30.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Thursday, November 8th. The investment management company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $8.26 million during the quarter, compared to analysts’ expectations of $8.61 million. CM Finance had a return on equity of 11.33% and a net margin of 32.89%. As a group, analysts anticipate that CM Finance will post 1.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Friday, December 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.75%. The ex-dividend date was Thursday, December 13th. CM Finance’s dividend payout ratio (DPR) is presently 71.94%.

A hedge fund recently raised its stake in CM Finance stock. Tower Research Capital LLC TRC raised its position in shares of CM Finance Inc (NASDAQ:CMFN) by 123.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,222 shares of the investment management company’s stock after purchasing an additional 8,411 shares during the period. Tower Research Capital LLC TRC owned 0.11% of CM Finance worth $131,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 50.74% of the company’s stock.

About CM Finance

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.

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