ValuEngine upgraded shares of CM Finance (NASDAQ:CMFN) from a hold rating to a buy rating in a research note issued to investors on Friday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised CM Finance from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Friday, September 8th. TheStreet downgraded CM Finance from a b- rating to a c+ rating in a report on Tuesday, November 21st.

Shares of CM Finance (CMFN) traded up $0.15 on Friday, hitting $8.75. The stock had a trading volume of 61,622 shares, compared to its average volume of 29,268. The firm has a market cap of $117.74, a P/E ratio of 7.96 and a beta of 1.35. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 0.75. CM Finance has a fifty-two week low of $8.00 and a fifty-two week high of $10.80.

CM Finance (NASDAQ:CMFN) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). CM Finance had a return on equity of 8.75% and a net margin of 74.32%. The business had revenue of $6.73 million during the quarter, compared to analyst estimates of $7.48 million. sell-side analysts anticipate that CM Finance will post 1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.43%. The ex-dividend date is Thursday, December 14th. CM Finance’s dividend payout ratio is 60.98%.

In other news, CEO Michael Mauer acquired 4,000 shares of CM Finance stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $9.61 per share, with a total value of $38,440.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.79% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of CMFN. KCG Holdings Inc. acquired a new position in CM Finance during the 1st quarter worth $133,000. Eagle Global Advisors LLC lifted its holdings in CM Finance by 19.8% during the 2nd quarter. Eagle Global Advisors LLC now owns 27,217 shares of the investment management company’s stock worth $272,000 after buying an additional 4,500 shares in the last quarter. Stephens Inc. AR lifted its holdings in CM Finance by 2.0% during the 2nd quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock worth $492,000 after buying an additional 947 shares in the last quarter. Caxton Corp lifted its holdings in CM Finance by 3.6% during the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock worth $551,000 after buying an additional 1,898 shares in the last quarter. Finally, Ares Management LLC lifted its holdings in CM Finance by 55.2% during the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock worth $1,056,000 after buying an additional 37,596 shares in the last quarter. 45.38% of the stock is currently owned by hedge funds and other 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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