UBS Group Lowers CM Finance (CMFN) to Market Perform

UBS Group lowered shares of CM Finance (NASDAQ:CMFN) from an outperform rating to a market perform rating in a report published on Friday morning, The Fly reports.

Other research analysts also recently issued reports about the company. ValuEngine upgraded CM Finance from a hold rating to a buy rating in a research note on Friday, December 1st. TheStreet downgraded CM Finance from a b- rating to a c+ rating in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating, CM Finance has a consensus rating of Hold and a consensus target price of $11.00.

CM Finance (NASDAQ:CMFN) opened at $7.80 on Friday. The company has a market capitalization of $106.79, a price-to-earnings ratio of 7.88 and a beta of 1.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.52 and a quick ratio of 1.52. CM Finance has a 1 year low of $7.40 and a 1 year high of $10.80.

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 dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 annualized dividend and a yield of 12.82%. CM Finance’s dividend payout ratio (DPR) is 72.99%.

A number of hedge funds have recently made changes to their positions in the stock. Caxton Corp grew its stake in CM Finance by 11.5% during the 3rd 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 last quarter. JPMorgan Chase & Co. grew its stake in CM Finance by 1,788.3% during the 3rd 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 last quarter. Finally, Macquarie Group Ltd. purchased a new position in CM Finance during the 3rd quarter worth $459,000. Hedge funds and other institutional investors own 44.91% of the company’s stock.

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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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