Analysts expect that New Mountain Finance Corporation (NYSE:NMFC) will post $49.30 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for New Mountain Finance Corporation’s earnings, with the lowest sales estimate coming in at $48.20 million and the highest estimate coming in at $50.33 million. New Mountain Finance Corporation reported sales of $41.83 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that New Mountain Finance Corporation will report full-year sales of $49.30 million for the current year, with estimates ranging from $156.03 million to $194.16 million. For the next year, analysts anticipate that the firm will report sales of $211.19 million per share, with estimates ranging from $206.50 million to $214.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover New Mountain Finance Corporation.

New Mountain Finance Corporation (NYSE:NMFC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. The company had revenue of $50.02 million during the quarter, compared to analysts’ expectations of $47.66 million.

Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Finally, Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance Corporation and gave the company a “hold” rating in a research note on Wednesday, May 31st.

In other New Mountain Finance Corporation news, Director David Ogens purchased 3,600 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $14.37 per share, for a total transaction of $51,732.00. Following the completion of the transaction, the director now owns 49,654 shares in the company, valued at $713,527.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shiraz Kajee purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was acquired at an average price of $14.63 per share, with a total value of $29,260.00. Following the completion of the transaction, the chief financial officer now owns 2,000 shares of the company’s stock, valued at approximately $29,260. The disclosure for this purchase can be found here. Company insiders own 9.73% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. increased its stake in New Mountain Finance Corporation by 14.5% in the second quarter. Muzinich & Co. Inc. now owns 3,656,026 shares of the investment management company’s stock worth $53,195,000 after buying an additional 462,290 shares during the last quarter. California Public Employees Retirement System increased its stake in New Mountain Finance Corporation by 43.0% in the second quarter. California Public Employees Retirement System now owns 34,600 shares of the investment management company’s stock worth $503,000 after buying an additional 10,400 shares during the last quarter. GSA Capital Partners LLP increased its stake in New Mountain Finance Corporation by 55.4% in the second quarter. GSA Capital Partners LLP now owns 106,151 shares of the investment management company’s stock worth $1,544,000 after buying an additional 37,841 shares during the last quarter. Van ECK Associates Corp increased its stake in New Mountain Finance Corporation by 23.0% in the second quarter. Van ECK Associates Corp now owns 544,207 shares of the investment management company’s stock worth $7,918,000 after buying an additional 101,707 shares during the last quarter. Finally, Yorktown Management & Research Co Inc increased its stake in New Mountain Finance Corporation by 34.5% in the second quarter. Yorktown Management & Research Co Inc now owns 390,000 shares of the investment management company’s stock worth $5,675,000 after buying an additional 100,000 shares during the last quarter. Institutional investors own 39.43% of the company’s stock.

Shares of New Mountain Finance Corporation (NYSE NMFC) opened at 14.25 on Friday. New Mountain Finance Corporation has a 12 month low of $13.05 and a 12 month high of $15.00. The firm has a 50 day moving average price of $14.41 and a 200-day moving average price of $14.58.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.36 annualized dividend and a yield of 9.54%. New Mountain Finance Corporation’s dividend payout ratio (DPR) is presently 86.62%.

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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.

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