CM Finance Inc (NASDAQ:CMFN) – Research analysts at Oppenheimer reduced their Q4 2018 EPS estimates for shares of CM Finance in a research note issued to investors on Thursday. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will earn $0.25 per share for the quarter, down from their previous estimate of $0.26. Oppenheimer also issued estimates for CM Finance’s Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $1.04 EPS.
CM Finance (NASDAQ:CMFN) last released its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. CM Finance had a return on equity of 7.98% and a net margin of 63.54%. The company had revenue of $8.45 million during the quarter, compared to analysts’ expectations of $7.67 million.
A number of other equities analysts have also recently weighed in on CMFN. TheStreet cut CM Finance from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. ValuEngine raised CM Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. UBS Group lowered CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. Raymond James Financial lowered CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. Finally, Redburn Partners lowered CM Finance from an “outperform” rating to a “market perform” rating in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $11.00.
CM Finance (CMFN) traded up $0.15 during midday trading on Monday, hitting $7.90. The stock had a trading volume of 29,000 shares, compared to its average volume of 32,384. CM Finance has a 12 month low of $7.40 and a 12 month high of $10.80. The firm has a market capitalization of $106.85, a PE ratio of 4.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.52 and a current ratio of 1.52.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Friday, March 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.00 annualized dividend and a yield of 12.66%. CM Finance’s payout ratio is currently 60.98%.
A number of hedge funds have recently bought and sold shares of CMFN. Macquarie Group Ltd. purchased a new stake in shares of CM Finance in the third quarter worth about $459,000. Caxton Corp boosted its position in shares of CM Finance by 11.5% in the third quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock worth $574,000 after buying an additional 6,327 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of CM Finance in the fourth quarter worth about $719,000. Finally, JPMorgan Chase & Co. boosted its position 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 buying an additional 134,120 shares during the period. 44.91% of the stock is owned by hedge funds and other institutional investors.
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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.
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