New Mountain Finance (NASDAQ:NMFC) Announces Earnings Results

New Mountain Finance (NASDAQ:NMFC) issued its quarterly earnings results on Tuesday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.56), FiscalAI reports. The business had revenue of $47.88 million for the quarter, compared to the consensus estimate of $79.10 million. New Mountain Finance had a return on equity of 10.42% and a net margin of 20.84%.

New Mountain Finance Stock Performance

NMFC traded up $0.07 on Tuesday, reaching $8.16. The company had a trading volume of 743,874 shares, compared to its average volume of 980,708. The stock has a market cap of $841.75 million, a P/E ratio of 12.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.99 and a current ratio of 1.99. New Mountain Finance has a fifty-two week low of $7.91 and a fifty-two week high of $12.02. The company’s fifty day moving average is $8.84 and its 200 day moving average is $9.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of New Mountain Finance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of New Mountain Finance in a research report on Thursday, January 22nd. B. Riley Financial restated a “neutral” rating and issued a $10.00 price target (down from $11.00) on shares of New Mountain Finance in a research note on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods dropped their price objective on New Mountain Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.17.

Institutional Trading of New Mountain Finance

Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in New Mountain Finance during the third quarter worth about $48,000. Advisory Services Network LLC acquired a new position in shares of New Mountain Finance in the 3rd quarter valued at approximately $65,000. United Capital Financial Advisors LLC bought a new stake in shares of New Mountain Finance during the 3rd quarter worth approximately $97,000. Seven Mile Advisory bought a new stake in shares of New Mountain Finance during the 4th quarter worth approximately $98,000. Finally, Glenview Trust co acquired a new stake in shares of New Mountain Finance during the 2nd quarter worth approximately $107,000. 32.08% of the stock is currently owned by institutional investors.

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.