CM Finance (NASDAQ:CMFN) posted its quarterly earnings data on Wednesday. The investment management company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.54, Fidelity Earnings reports. The company had revenue of $16.94 million during the quarter, compared to analysts’ expectations of $8.64 million. CM Finance had a net margin of 54.18% and a return on equity of 8.13%.
NASDAQ CMFN opened at $9.30 on Thursday. CM Finance has a 52 week low of $7.40 and a 52 week high of $10.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $125.58 million, a price-to-earnings ratio of 6.69 and a beta of 1.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Tuesday, September 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 17th. This represents a $1.00 annualized dividend and a yield of 10.75%. CM Finance’s dividend payout ratio (DPR) is 71.94%.
A number of equities research analysts have recently issued reports on CMFN shares. ValuEngine upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Zacks Investment Research upgraded shares of CM Finance from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Friday, May 11th. Raymond James upgraded shares of CM Finance from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 10th. Finally, TheStreet upgraded shares of CM Finance from a “c+” rating to a “b-” rating in a research note on Wednesday, May 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.75.
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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