CM Finance (CMFN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of CM Finance (NASDAQ:CMFN) from a buy rating to a hold rating in a report published on Friday morning, Zacks.com reports.

According to Zacks, “CM Finance Inc. is an externally managed, closed-end, non-diversified management investment company. It invests primarily in middle-market companies in the U.S. The company invest through unitranche loans and standalone second and first lien loans with an emphasis on floating rate debt as well as in mezzanine loans/structured equity and in the equity of portfolio companies. CM Finance Inc. is based in New York, United States. “

Separately, ValuEngine raised CM Finance from a sell rating to a hold rating in a report on Tuesday, March 12th.



Shares of CM Finance stock opened at $7.30 on Friday. CM Finance has a one year low of $5.58 and a one year high of $9.90. The firm has a market capitalization of $99.70 million, a P/E ratio of 5.25 and a beta of 1.41. The company has a current ratio of 0.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 13.70%. CM Finance’s dividend payout ratio is currently 71.94%.

A number of institutional investors have recently made changes to their positions in CMFN. Confluence Investment Management LLC raised its holdings in CM Finance by 54.4% in the 1st quarter. Confluence Investment Management LLC now owns 246,171 shares of the investment management company’s stock worth $1,817,000 after purchasing an additional 86,785 shares during the period. Oppenheimer & Co. Inc. raised its holdings in CM Finance by 71.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 47,703 shares of the investment management company’s stock worth $352,000 after purchasing an additional 19,944 shares during the period. Two Sigma Securities LLC bought a new position in CM Finance in the 4th quarter worth $70,000. Acadian Asset Management LLC raised its holdings in CM Finance by 40.1% in the 1st quarter. Acadian Asset Management LLC now owns 35,141 shares of the investment management company’s stock worth $259,000 after purchasing an additional 10,061 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in CM Finance by 24.3% in the 1st quarter. Eagle Global Advisors LLC now owns 14,300 shares of the investment management company’s stock worth $106,000 after buying an additional 2,800 shares in the last quarter. 51.01% of the stock is currently owned by institutional investors.

About CM Finance

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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