CM Finance (CMFN) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of CM Finance (NASDAQ:CMFN) from a hold rating to a buy rating in a report released on Friday.

A number of other research analysts also recently weighed in on CMFN. TheStreet downgraded shares of CM Finance from a b- rating to a c+ rating in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of CM Finance from a hold rating to a buy rating and set a $11.00 target price for the company in a research report on Friday, September 8th.

Shares of CM Finance (NASDAQ:CMFN) opened at $8.60 on Friday. CM Finance has a twelve month low of $8.00 and a twelve month high of $10.80. 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 company has a market cap of $119.79, a price-to-earnings ratio of 8.10 and a beta of 1.34.

CM Finance (NASDAQ:CMFN) last issued its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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%. analysts predict that CM Finance will post 1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.63%. The ex-dividend date of this dividend is Thursday, December 14th. CM Finance’s dividend payout ratio (DPR) is currently 60.98%.

In other CM Finance news, CEO Michael Mauer bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $9.61 per share, with a total value of $38,440.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.79% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its position in CM Finance by 2.0% in the second quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after purchasing an additional 947 shares in the last quarter. Caxton Corp grew its position in CM Finance by 3.6% in the second quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 1,898 shares in the last quarter. Eagle Global Advisors LLC grew its position in CM Finance by 19.8% in the second quarter. Eagle Global Advisors LLC now owns 27,217 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 4,500 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of CM Finance in the 1st quarter valued at about $133,000. Finally, Ares Management LLC grew its position in shares of CM Finance by 55.2% in the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock valued at $1,056,000 after acquiring an additional 37,596 shares during the period. 45.38% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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