ValuEngine Downgrades CM Finance (CMFN) to Sell

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

Other equities analysts have also issued reports about the company. TheStreet lowered CM Finance from a “b-” rating to a “c” rating in a research note on Friday, September 28th. Zacks Investment Research upgraded CM Finance from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.75.

Shares of CMFN opened at $7.99 on Thursday. CM Finance has a 12-month low of $7.40 and a 12-month high of $9.90. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $108.79 million, a P/E ratio of 5.75 and a beta of 1.15.

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

An institutional investor recently bought a new position in CM Finance stock. Acadian Asset Management LLC acquired a new stake in CM Finance Inc (NASDAQ:CMFN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 quarter. Institutional investors and hedge funds own 51.91% of the company’s stock.

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

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