Keefe, Bruyette & Woods set a $15.00 price target on New Mountain Finance Corporation (NYSE:NMFC) in a report published on Thursday, October 5th. The brokerage currently has a hold rating on the investment management company’s stock.
NMFC has been the subject of a number of other research reports. BidaskClub lowered New Mountain Finance Corporation from a hold rating to a sell rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of New Mountain Finance Corporation from a hold rating to a buy rating and set a $16.00 price target for the company in a research report on Wednesday, July 12th.
New Mountain Finance Corporation (NYSE:NMFC) opened at 14.50 on Thursday. The stock’s 50 day moving average is $14.06 and its 200-day moving average is $14.41. New Mountain Finance Corporation has a 12 month low of $13.05 and a 12 month high of $15.00.
New Mountain Finance Corporation (NYSE:NMFC) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. The business had revenue of $50.02 million during the quarter, compared to analyst estimates of $47.66 million. Analysts anticipate that New Mountain Finance Corporation will post $1.36 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Keefe, Bruyette & Woods Analysts Give New Mountain Finance Corporation (NMFC) a $15.00 Price Target” was reported by BBNS and is owned by of BBNS. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://baseballnewssource.com/markets/keefe-bruyette-woods-analysts-give-new-mountain-finance-corporation-nmfc-a-15-00-price-target/1697666.html.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.38%. The ex-dividend date of this dividend was Thursday, September 14th. New Mountain Finance Corporation’s payout ratio is currently 86.62%.
Institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC increased its holdings in New Mountain Finance Corporation by 49.7% in the 1st quarter. Global X Management Co. LLC now owns 9,057 shares of the investment management company’s stock worth $135,000 after acquiring an additional 3,007 shares in the last quarter. Airain ltd purchased a new stake in New Mountain Finance Corporation in the 2nd quarter worth approximately $149,000. Cetera Investment Advisers purchased a new stake in New Mountain Finance Corporation in the 2nd quarter worth approximately $153,000. Financial Counselors Inc. bought a new position in New Mountain Finance Corporation in the 2nd quarter worth approximately $155,000. Finally, Alliancebernstein L.P. bought a new position in New Mountain Finance Corporation in the 2nd quarter worth approximately $160,000. 40.71% of the stock is owned by institutional investors.
New Mountain Finance Corporation 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.
Receive News & Ratings for New Mountain Finance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Mountain Finance Corporation and related companies with our FREE daily email newsletter.