Equities analysts predict that CM Finance Inc (NASDAQ:CMFN) will announce earnings of $0.25 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for CM Finance’s earnings. CM Finance reported earnings of $0.32 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 21.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 29th.
According to Zacks, analysts expect that CM Finance will report full year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.13 to $1.14. For the next year, analysts expect that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.14. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover CM Finance.
CM Finance (NASDAQ:CMFN) last announced its quarterly earnings data on Wednesday, May 10th. The investment management company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $7.08 million during the quarter, compared to the consensus estimate of $7.24 million. CM Finance had a return on equity of 14.35% and a net margin of 84.56%.
Separately, Zacks Investment Research raised shares of CM Finance from a “sell” rating to a “hold” rating in a research note on Monday, July 17th.
A number of hedge funds have recently made changes to their positions in the stock. KCG Holdings Inc. purchased a new stake in shares of CM Finance during the first quarter valued at about $133,000. Eagle Global Advisors LLC increased its stake in shares of CM Finance by 30.0% in the first quarter. Eagle Global Advisors LLC now owns 22,717 shares of the investment management company’s stock valued at $231,000 after buying an additional 5,240 shares during the period. Stifel Financial Corp increased its stake in shares of CM Finance by 0.7% in the first quarter. Stifel Financial Corp now owns 36,556 shares of the investment management company’s stock valued at $367,000 after buying an additional 251 shares during the period. Stephens Inc. AR increased its stake in shares of CM Finance by 2.8% in the first quarter. Stephens Inc. AR now owns 48,218 shares of the investment management company’s stock valued at $489,000 after buying an additional 1,328 shares during the period. Finally, Ares Management LLC increased its stake in shares of CM Finance by 27.1% in the first quarter. Ares Management LLC now owns 68,100 shares of the investment management company’s stock valued at $691,000 after buying an additional 14,500 shares during the period. 42.48% of the stock is currently owned by institutional investors.
Shares of CM Finance (NASDAQ CMFN) traded down 1.48% during midday trading on Thursday, hitting $10.00. The stock had a trading volume of 10,161 shares. The company’s 50-day moving average price is $10.21 and its 200-day moving average price is $10.12. CM Finance has a 12-month low of $8.50 and a 12-month high of $10.80.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Friday, June 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.85%. The ex-dividend date of this dividend was Wednesday, June 14th. CM Finance’s dividend payout ratio (DPR) is currently 60.24%.
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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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