New Mountain Finance Corporation (NASDAQ:NMFC) Given Average Rating of “Reduce” by Analysts

Shares of New Mountain Finance Corporation (NASDAQ:NMFC) have been given an average rating of “Reduce” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.1667.

Several analysts have commented on NMFC shares. B. Riley Financial restated a “neutral” rating and issued a $10.00 price objective (down from $11.00) on shares of New Mountain Finance in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of New Mountain Finance in a report on Thursday, January 22nd. Keefe, Bruyette & Woods lowered their target price on New Mountain Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded New Mountain Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th.

Institutional Investors Weigh In On New Mountain Finance

Hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. bought a new position in shares of New Mountain Finance during the fourth quarter valued at approximately $210,000. Next Capital Management LLC grew its stake in shares of New Mountain Finance by 13.5% in the 4th quarter. Next Capital Management LLC now owns 29,680 shares of the company’s stock worth $273,000 after buying an additional 3,530 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of New Mountain Finance by 27.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,038,662 shares of the company’s stock worth $18,776,000 after buying an additional 443,016 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in New Mountain Finance during the 4th quarter valued at approximately $5,398,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in New Mountain Finance by 13.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 235,016 shares of the company’s stock valued at $2,164,000 after buying an additional 28,387 shares during the last quarter. Institutional investors own 32.08% of the company’s stock.

New Mountain Finance Stock Down 1.3%

Shares of New Mountain Finance stock opened at $8.47 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.40. New Mountain Finance has a 12-month low of $7.91 and a 12-month high of $12.05. The company has a market cap of $873.73 million, a P/E ratio of 13.03 and a beta of 0.58. The company’s fifty day simple moving average is $9.07 and its two-hundred day simple moving average is $9.59.

About New Mountain Finance

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.