CM Finance Inc (CMFN) Given Average Rating of “Hold” by Analysts
Shares of CM Finance Inc (NASDAQ:CMFN) have been given an average rating of “Hold” by the six research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating.
A number of equities research analysts have commented on CMFN shares. TheStreet lowered shares of CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. ValuEngine raised shares of CM Finance from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. UBS Group lowered shares of CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. Raymond James Financial lowered shares of CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. Finally, Redburn Partners lowered shares of CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th.
Shares of CM Finance (NASDAQ:CMFN) traded down $0.10 during trading hours on Tuesday, reaching $8.50. 13,509 shares of the company’s stock were exchanged, compared to its average volume of 28,837. CM Finance has a 12-month low of $7.40 and a 12-month high of $10.80. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69. The company has a market cap of $114.37, a price-to-earnings ratio of 6.20 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.76%. The ex-dividend date is Thursday, March 15th. CM Finance’s dividend payout ratio (DPR) is presently 72.99%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Caxton Corp boosted its stake in shares of CM Finance by 11.5% in the 3rd 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 last quarter. Macquarie Group Ltd. bought a new position in shares of CM Finance in the 3rd quarter valued at about $459,000. Kennedy Capital Management Inc. bought a new position in shares of CM Finance in the 4th quarter valued at about $719,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $1,310,000 after purchasing an additional 134,120 shares during the last quarter. 45.72% of the stock is currently owned by institutional investors.
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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