CM Finance Inc to Post Q3 2017 Earnings of $0.24 Per Share, Oppenheimer Holdings Forecasts (CMFN)

CM Finance Inc (NASDAQ:CMFN) – Equities researchers at Oppenheimer Holdings reduced their Q3 2017 earnings estimates for CM Finance in a research report issued on Thursday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will earn $0.24 per share for the quarter, down from their previous estimate of $0.25. Oppenheimer Holdings also issued estimates for CM Finance’s Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.25 EPS and Q3 2018 earnings at $0.25 EPS.

Separately, Zacks Investment Research raised CM Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 1st.

COPYRIGHT VIOLATION WARNING: “CM Finance Inc to Post Q3 2017 Earnings of $0.24 Per Share, Oppenheimer Holdings Forecasts (CMFN)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international copyright law. The legal version of this piece of content can be accessed at http://sleekmoney.com/cm-finance-inc-to-post-q3-2017-earnings-of-0-24-per-share-oppenheimer-holdings-forecasts-cmfn/1657473.html.

CM Finance (NASDAQ:CMFN) opened at 9.95 on Monday. The stock has a 50 day moving average price of $9.57 and a 200 day moving average price of $9.48. CM Finance has a 12 month low of $6.92 and a 12 month high of $10.31.

CM Finance (NASDAQ:CMFN) last announced its earnings results on Wednesday, February 8th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. CM Finance had a return on equity of 10.70% and a net margin of 57.69%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMFN. Raymond James Financial Services Advisors Inc. raised its position in CM Finance by 4.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 100,218 shares of the investment management company’s stock valued at $932,000 after buying an additional 4,526 shares in the last quarter. Moors & Cabot Inc. bought a new position in CM Finance during the third quarter valued at approximately $206,000. Nuveen Fund Advisors LLC raised its position in CM Finance by 72.3% in the third quarter. Nuveen Fund Advisors LLC now owns 24,008 shares of the investment management company’s stock valued at $218,000 after buying an additional 10,076 shares in the last quarter. Ares Management LLC raised its position in CM Finance by 221.1% in the third quarter. Ares Management LLC now owns 138,614 shares of the investment management company’s stock valued at $1,261,000 after buying an additional 95,452 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in CM Finance by 9.1% in the third quarter. Confluence Investment Management LLC now owns 215,557 shares of the investment management company’s stock valued at $1,962,000 after buying an additional 17,941 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “CM Finance Inc to Post Q3 2017 Earnings of $0.24 Per Share, Oppenheimer Holdings Forecasts (CMFN)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international copyright law. The legal version of this piece of content can be accessed at http://sleekmoney.com/cm-finance-inc-to-post-q3-2017-earnings-of-0-24-per-share-oppenheimer-holdings-forecasts-cmfn/1657473.html.

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.

5 Day Chart for NASDAQ:CMFN

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/cm-finance-inc-to-post-q3-2017-earnings-of-0-24-per-share-oppenheimer-holdings-forecasts-cmfn/1657473.html

Receive News & Ratings for CM Finance Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CM Finance Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *