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

CM Finance (NASDAQ:CMFN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

CMFN has been the topic of several other reports. Zacks Investment Research lowered CM Finance from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. TheStreet lowered CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. CM Finance presently has a consensus rating of “Hold” and an average price target of $9.75.

CMFN stock opened at $8.45 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The company has a market cap of $117.39 million, a P/E ratio of 6.08 and a beta of 1.18. CM Finance has a 12-month low of $7.40 and a 12-month high of $9.90.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings results on Wednesday, September 5th. The investment management company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.54. The business had revenue of $16.94 million for the quarter, compared to analyst estimates of $8.64 million. CM Finance had a return on equity of 11.10% and a net margin of 38.31%. Sell-side analysts expect that CM Finance will post 1.03 earnings per share for the current year.

An institutional investor recently bought a new position in CM Finance stock. Acadian Asset Management LLC bought a new position in CM Finance Inc (NASDAQ:CMFN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,132 shares of the investment management company’s stock, valued at approximately $179,000. Acadian Asset Management LLC owned 0.15% of CM Finance at the end of the most recent reporting period. 51.91% of the stock is currently owned by institutional investors.

CM Finance Company Profile

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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