Shares of CM Finance Inc (NASDAQ:CMFN) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts have recently issued reports on the company. ValuEngine upgraded CM Finance from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research lowered CM Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, TheStreet lowered CM Finance from a “b-” rating to a “c” rating in a report on Friday, September 28th.

An institutional investor recently bought a new position in CM Finance stock. Acadian Asset Management LLC acquired a new stake in CM Finance Inc (NASDAQ:CMFN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,132 shares of the investment management company’s stock, valued at approximately $179,000. Acadian Asset Management LLC owned approximately 0.15% of CM Finance as of its most recent filing with the SEC. Hedge funds and other institutional investors own 51.91% of the company’s stock.

Shares of CM Finance stock opened at $8.25 on Wednesday. The stock has a market cap of $113.98 million, a PE ratio of 6.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.02 and a quick ratio of 1.02. CM Finance has a 52-week low of $7.40 and a 52-week high of $9.90.

CM Finance (NASDAQ:CMFN) last announced its quarterly earnings results on Wednesday, September 5th. The investment management company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.54. The business had revenue of $16.94 million during the quarter, compared to analyst estimates of $8.64 million. CM Finance had a return on equity of 11.10% and a net margin of 38.31%. Equities analysts expect that CM Finance will post 1.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 12.12%. CM Finance’s dividend payout ratio is 71.94%.

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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