Somewhat Favorable Media Coverage Unlikely to Impact CM Finance (CMFN) Share Price

News articles about CM Finance (NASDAQ:CMFN) have trended somewhat positive on Friday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CM Finance earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 30 out of 100, indicating that recent media coverage is unlikely to have an impact on the company’s share price in the next few days.

Insider Buying and Selling by Quarter for CM Finance (NASDAQ:CMFN)

CM Finance (NASDAQ:CMFN) traded down 1.46% during trading on Friday, hitting $10.10. 10,488 shares of the stock traded hands. CM Finance has a 12 month low of $8.22 and a 12 month high of $10.80. The company’s 50 day moving average price is $10.37 and its 200 day moving average price is $10.03.

CM Finance (NASDAQ:CMFN) last posted its earnings results 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. The firm had revenue of $7.08 million during the quarter, compared to analysts’ expectations of $7.24 million. CM Finance had a return on equity of 10.11% and a net margin of 72.19%. On average, analysts forecast that CM Finance will post $1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Friday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.90%. The ex-dividend date of this dividend is Wednesday, June 14th. CM Finance’s payout ratio is 60.24%.

Separately, Zacks Investment Research downgraded shares of CM Finance from a “hold” rating to a “strong sell” rating in a report on Monday, May 15th.

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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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