Wall Street brokerages forecast that New Mountain Finance Corporation (NYSE:NMFC) will post $49.28 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for New Mountain Finance Corporation’s earnings, with estimates ranging from $46.48 million to $50.92 million. New Mountain Finance Corporation reported sales of $43.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The company is expected to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that New Mountain Finance Corporation will report full-year sales of $49.28 million for the current financial year, with estimates ranging from $184.00 million to $194.69 million. For the next year, analysts expect that the firm will report sales of $208.32 million per share, with estimates ranging from $194.00 million to $217.00 million. Zacks’ sales averages are an average based on a survey of research firms that follow New Mountain Finance Corporation.

Several analysts have commented on NMFC shares. ValuEngine raised New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods set a $15.00 price objective on New Mountain Finance Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd.

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Shares of New Mountain Finance Corporation (NMFC) opened at $14.25 on Wednesday. The stock has a market capitalization of $1,068.85, a PE ratio of 10.44 and a beta of 0.59. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.81. New Mountain Finance Corporation has a 1 year low of $13.40 and a 1 year high of $15.00.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 9.54%. The ex-dividend date is Thursday, December 14th. New Mountain Finance Corporation’s dividend payout ratio is presently 90.07%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Airain ltd purchased a new stake in New Mountain Finance Corporation during the 2nd quarter valued at approximately $149,000. Cetera Investment Advisers purchased a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth approximately $153,000. Financial Counselors Inc. purchased a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth approximately $155,000. Alliancebernstein L.P. purchased a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth approximately $160,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of New Mountain Finance Corporation during the 3rd quarter worth approximately $161,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

About New Mountain Finance Corporation

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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