Equities analysts expect New Mountain Finance Corp. (NYSE:NMFC) to report sales of $55.38 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for New Mountain Finance’s earnings, with estimates ranging from $54.30 million to $57.33 million. New Mountain Finance reported sales of $51.24 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The firm is expected to report its next quarterly earnings results on Tuesday, November 6th.
On average, analysts expect that New Mountain Finance will report full-year sales of $217.39 million for the current fiscal year, with estimates ranging from $211.10 million to $223.07 million. For the next year, analysts anticipate that the business will post sales of $231.93 million per share, with estimates ranging from $223.90 million to $236.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover New Mountain Finance.
New Mountain Finance (NYSE:NMFC) last posted its earnings results on Tuesday, August 7th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). New Mountain Finance had a net margin of 46.52% and a return on equity of 10.11%. The firm had revenue of $54.60 million during the quarter, compared to analyst estimates of $53.10 million.
NMFC opened at $13.70 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.04. New Mountain Finance has a 1 year low of $12.05 and a 1 year high of $14.50. The firm has a market capitalization of $1.05 billion, a P/E ratio of 10.60 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date is Thursday, September 13th. New Mountain Finance’s dividend payout ratio is presently 105.43%.
In related news, insider James Stone acquired 4,000 shares of New Mountain Finance stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $13.73 per share, for a total transaction of $54,920.00. Following the completion of the transaction, the insider now owns 93,351 shares of the company’s stock, valued at approximately $1,281,709.23. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kline acquired 17,250 shares of New Mountain Finance stock in a transaction on Wednesday, September 12th. The shares were bought at an average price of $13.77 per share, with a total value of $237,532.50. Following the completion of the transaction, the insider now directly owns 81,030 shares of the company’s stock, valued at approximately $1,115,783.10. The disclosure for this purchase can be found here. Insiders have acquired 48,250 shares of company stock valued at $662,833 over the last 90 days. 10.27% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Bard Associates Inc. lifted its position in New Mountain Finance by 25.1% in the second quarter. Bard Associates Inc. now owns 20,055 shares of the investment management company’s stock valued at $273,000 after buying an additional 4,025 shares during the last quarter. Cliffwater LLC lifted its position in New Mountain Finance by 1.5% in the second quarter. Cliffwater LLC now owns 305,398 shares of the investment management company’s stock valued at $4,153,000 after buying an additional 4,626 shares during the last quarter. Wedbush Securities Inc. lifted its position in New Mountain Finance by 41.8% in the second quarter. Wedbush Securities Inc. now owns 20,775 shares of the investment management company’s stock valued at $283,000 after buying an additional 6,125 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its position in shares of New Mountain Finance by 2.7% during the second quarter. Mckinley Capital Management LLC Delaware now owns 257,061 shares of the investment management company’s stock worth $3,496,000 after purchasing an additional 6,680 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of New Mountain Finance by 61.6% during the first quarter. Stifel Financial Corp now owns 18,824 shares of the investment management company’s stock worth $249,000 after purchasing an additional 7,174 shares in the last quarter. Institutional investors own 36.99% of the company’s stock.
About New Mountain Finance
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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