News stories about New Mountain Finance (NYSE:NMFC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Mountain Finance earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 48.9054603490456 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of NYSE:NMFC remained flat at $$13.15 during midday trading on Thursday. The stock had a trading volume of 516,706 shares, compared to its average volume of 411,307. New Mountain Finance has a 12-month low of $12.05 and a 12-month high of $15.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a market cap of $994.75, a price-to-earnings ratio of 9.39 and a beta of 0.58.
New Mountain Finance (NYSE:NMFC) last issued its quarterly earnings data on Wednesday, February 28th. The investment management company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $53.30 million during the quarter, compared to analyst estimates of $48.94 million. New Mountain Finance had a return on equity of 10.26% and a net margin of 55.29%. research analysts forecast that New Mountain Finance will post 1.38 earnings per share for the current fiscal year.
Several analysts have recently commented on NMFC shares. Zacks Investment Research upgraded New Mountain Finance from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday. Keefe, Bruyette & Woods set a $15.00 price objective on New Mountain Finance and gave the company a “hold” rating in a report on Thursday, March 1st.
In other news, CEO Robert Hamwee bought 20,000 shares of New Mountain Finance stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average price of $13.20 per share, for a total transaction of $264,000.00. Following the purchase, the chief executive officer now directly owns 306,284 shares of the company’s stock, valued at approximately $4,042,948.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alfred F. Hurley, Jr. bought 5,000 shares of New Mountain Finance stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average price of $13.04 per share, with a total value of $65,200.00. The disclosure for this purchase can be found here. Insiders purchased a total of 557,831 shares of company stock valued at $7,449,774 in the last 90 days. 9.39% of the stock is currently owned by company insiders.
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New Mountain Finance Company Profile
New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.
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