CM Finance Inc (NASDAQ:CMFN) – Investment analysts at Oppenheimer Holdings issued their Q1 2019 earnings estimates for shares of CM Finance in a research report issued on Thursday. Oppenheimer Holdings analyst C. Kotowski anticipates that the investment management company will post earnings per share of $0.25 for the quarter. Oppenheimer Holdings also issued estimates for CM Finance’s Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.25 EPS.
Separately, Zacks Investment Research upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research note on Monday, July 17th.
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Shares of CM Finance (CMFN) traded down $0.30 during mid-day trading on Monday, hitting $8.40. 31,300 shares of the company were exchanged, compared to its average volume of 28,755. The stock has a market cap of $115.00, a PE ratio of 8.06 and a beta of 1.38. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 0.75. CM Finance has a 12 month low of $8.40 and a 12 month high of $10.80.
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 Zacks’ consensus estimate of $0.25 by ($0.03). The business had revenue of $6.73 million for the quarter, compared to analysts’ expectations of $7.48 million. CM Finance had a net margin of 74.32% and a return on equity of 8.75%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.90%. The ex-dividend date is Thursday, December 14th. CM Finance’s dividend payout ratio (DPR) is presently 60.98%.
In other news, CEO Michael Mauer bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $9.61 per share, with a total value of $38,440.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.79% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. bought a new stake in CM Finance during the 1st quarter worth approximately $133,000. Eagle Global Advisors LLC increased its holdings in CM Finance by 19.8% during the 2nd quarter. Eagle Global Advisors LLC now owns 27,217 shares of the investment management company’s stock worth $272,000 after acquiring an additional 4,500 shares during the period. Macquarie Group Ltd. bought a new stake in CM Finance during the 3rd quarter worth approximately $459,000. Stephens Inc. AR increased its holdings in CM Finance by 2.0% during the 2nd 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 period. Finally, Caxton Corp increased its holdings in CM Finance by 3.6% during the 2nd 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 period. 43.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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