News coverage about CM Finance (NASDAQ:CMFN) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CM Finance earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.0920861532588 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, 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 research note on Friday, September 8th.
Shares of CM Finance (NASDAQ:CMFN) traded down 0.52% during trading on Friday, reaching $9.60. The company had a trading volume of 10,832 shares. CM Finance has a 1-year low of $8.50 and a 1-year high of $10.80. The company’s 50 day moving average is $9.73 and its 200-day moving average is $10.12.
CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Wednesday, September 6th. The investment management company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. CM Finance had a net margin of 76.03% and a return on equity of 9.42%. The company had revenue of $7.19 million for the quarter, compared to analyst estimates of $7.40 million. On average, equities analysts anticipate that CM Finance will post $1.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.42%. The ex-dividend date of this dividend was Thursday, September 7th. CM Finance’s payout ratio is 58.14%.
In other CM Finance news, CEO Michael Mauer purchased 4,000 shares of the stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $9.61 per share, with a total value of $38,440.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.79% of the stock is currently owned by corporate insiders.
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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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