CM Finance (CMFN) Sets New 12-Month Low at $7.85

CM Finance Inc (NASDAQ:CMFN)’s share price hit a new 52-week low on Monday . The stock traded as low as $7.85 and last traded at $8.05, with a volume of 41900 shares trading hands. The stock had previously closed at $8.10.

Several equities analysts have commented on CMFN shares. ValuEngine upgraded CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded CM Finance from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, September 8th. Finally, TheStreet downgraded CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st.

The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.75. The stock has a market cap of $110.20, a price-to-earnings ratio of 7.45 and a beta of 1.34.

CM Finance (NASDAQ:CMFN) last announced its quarterly 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 net margin of 74.32% and a return on equity of 8.75%. The company had revenue of $6.73 million for the quarter, compared to analyst estimates of $7.48 million. equities research analysts forecast that CM Finance Inc will post 1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 12.42%. CM Finance’s payout ratio is 60.98%.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of CM Finance in the third quarter worth $459,000. Stephens Inc. AR grew its stake in shares of CM Finance by 2.0% in the second quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock worth $492,000 after acquiring an additional 947 shares during the last quarter. Caxton Corp grew its stake in shares of CM Finance by 3.6% in the second quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock worth $551,000 after acquiring an additional 1,898 shares during the last quarter. Ares Management LLC grew its stake in shares of CM Finance by 55.2% in the second quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock worth $1,056,000 after acquiring an additional 37,596 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of CM Finance by 1,788.3% in the third quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after acquiring an additional 134,120 shares during the last quarter. Institutional investors and hedge funds own 45.39% of the company’s stock.

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CM Finance Company Profile

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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