Zacks Investment Research upgraded shares of CM Finance (NASDAQ:CMFN) from a hold rating to a buy rating in a research note issued to investors on Friday. The firm currently has $8.75 target price on the investment management company’s stock.

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 upgraded CM Finance from a sell rating to a hold rating in a research note on Thursday, January 24th.

NASDAQ CMFN opened at $7.70 on Friday. CM Finance has a twelve month low of $5.58 and a twelve month high of $9.90. The stock has a market cap of $104.83 million, a P/E ratio of 5.54 and a beta of 1.46. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.86.

CM Finance (NASDAQ:CMFN) last released its earnings results on Wednesday, February 6th. The investment management company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $9.30 million for the quarter, compared to the consensus estimate of $8.80 million. CM Finance had a positive return on equity of 11.60% and a negative net margin of 0.75%. On average, equities analysts anticipate that CM Finance will post 1.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 12.99%. CM Finance’s dividend payout ratio is presently 71.94%.

Large investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new stake in CM Finance during the fourth quarter worth about $70,000. Eagle Global Advisors LLC grew its stake in shares of CM Finance by 14.4% in the fourth quarter. Eagle Global Advisors LLC now owns 11,500 shares of the investment management company’s stock valued at $72,000 after buying an additional 1,450 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of CM Finance by 123.5% in the third quarter. Tower Research Capital LLC TRC now owns 15,222 shares of the investment management company’s stock valued at $131,000 after buying an additional 8,411 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of CM Finance by 40.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 27,759 shares of the investment management company’s stock valued at $173,000 after buying an additional 8,000 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in shares of CM Finance by 8.5% in the fourth quarter. Stephens Inc. AR now owns 29,700 shares of the investment management company’s stock valued at $186,000 after buying an additional 2,327 shares in the last quarter. Institutional investors own 50.21% of the company’s stock.

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.

Further Reading: Return On Assets

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