New Mountain Finance (NMFC) Projected to Post Quarterly Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect New Mountain Finance to post earnings of $0.33 per share and revenue of $93.23 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

New Mountain Finance Stock Up 0.1 %

NASDAQ:NMFC opened at $11.98 on Monday. The company’s fifty day moving average price is $11.43 and its 200-day moving average price is $11.68. New Mountain Finance has a 1-year low of $10.61 and a 1-year high of $13.01. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

Insider Transactions at New Mountain Finance

In other New Mountain Finance news, Director Steven B. Klinsky acquired 72,280 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the purchase, the director now owns 4,285,505 shares in the company, valued at $48,340,496.40. This trade represents a 1.72 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders bought 97,504 shares of company stock valued at $1,111,510. Insiders own 10.22% of the company’s stock.

New Mountain Finance Company Profile

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.