News coverage about CM Finance (NASDAQ:CMFN) has trended positive on Wednesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CM Finance earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Separately, Zacks Investment Research lowered shares of CM Finance from a “hold” rating to a “strong sell” rating in a research note on Monday, May 15th.
Shares of CM Finance (CMFN) opened at 10.10 on Wednesday. The company’s 50-day moving average is $10.17 and its 200 day moving average is $10.15. CM Finance has a 1-year low of $8.50 and a 1-year high of $10.80.
CM Finance (NASDAQ:CMFN) last released its quarterly earnings data on Wednesday, May 10th. The investment management company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. CM Finance had a net margin of 72.19% and a return on equity of 10.11%. The business had revenue of $7.08 million for the quarter, compared to analyst estimates of $7.24 million. On average, equities research analysts anticipate that CM Finance will post $1.14 EPS for the current fiscal year.
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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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