CM Finance (CMFN) Rating Lowered to Market Perform at Redburn Partners

CM Finance (NASDAQ:CMFN) was downgraded by research analysts at Redburn Partners from an “outperform” rating to a “market perform” rating in a research report issued on Friday.

Other equities analysts have also recently issued reports about the stock. TheStreet cut shares of CM Finance from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Raymond James Financial cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. UBS Group cut shares of CM Finance from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, ValuEngine cut shares of CM Finance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $11.00.

Shares of CM Finance (NASDAQ CMFN) traded down $0.40 during midday trading on Friday, reaching $7.80. 112,111 shares of the company were exchanged, compared to its average volume of 32,733. CM Finance has a 12-month low of $7.40 and a 12-month high of $10.80. The stock has a market capitalization of $108.85, a P/E ratio of 4.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 5.91 and a quick ratio of 5.91.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The company had revenue of $6.73 million for the quarter, compared to analyst estimates of $7.48 million. CM Finance had a return on equity of 8.75% and a net margin of 74.32%. equities analysts predict that CM Finance will post 1 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of CMFN. Macquarie Group Ltd. acquired a new position in CM Finance during the third quarter worth $459,000. Caxton Corp raised its position in CM Finance by 11.5% during the third quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock worth $574,000 after acquiring an additional 6,327 shares during the period. Finally, JPMorgan Chase & Co. raised its position in CM Finance by 1,788.3% during 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 period. Institutional investors own 44.96% 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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