Shares of New Mountain Finance Corporation (NASDAQ:NMFC – Get Free Report) have been given a consensus rating of “Reduce” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.25.
A number of analysts have commented on the company. Zacks Research raised New Mountain Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded New Mountain Finance from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Finally, Weiss Ratings cut New Mountain Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th.
View Our Latest Stock Report on New Mountain Finance
Hedge Funds Weigh In On New Mountain Finance
New Mountain Finance Stock Performance
NASDAQ:NMFC opened at $7.15 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a 50-day moving average of $7.82 and a 200-day moving average of $8.23. The company has a market cap of $675.32 million, a PE ratio of -12.33 and a beta of 0.55. New Mountain Finance has a one year low of $6.80 and a one year high of $10.90.
New Mountain Finance (NASDAQ:NMFC – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. New Mountain Finance had a negative net margin of 18.65% and a positive return on equity of 11.14%. The company had revenue of $41.27 million for the quarter, compared to analyst estimates of $67.76 million. During the same quarter in the prior year, the business posted $0.32 EPS. The firm’s revenue was down 19.7% compared to the same quarter last year. As a group, equities research analysts expect that New Mountain Finance will post 1.11 EPS for the current fiscal year.
New Mountain Finance Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 16th. This represents a $1.00 annualized dividend and a yield of 14.0%. New Mountain Finance’s dividend payout ratio (DPR) is -172.41%.
New Mountain Finance Company Profile
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.
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