ValuEngine upgraded shares of New Mountain Finance Corporation (NYSE:NMFC) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

NMFC has been the topic of several other reports. Keefe, Bruyette & Woods restated a hold rating and set a $15.00 target price on shares of New Mountain Finance Corporation in a research report on Thursday, August 31st. Zacks Investment Research cut shares of New Mountain Finance Corporation from a buy rating to a hold rating in a research report on Saturday, August 12th. Finally, BidaskClub cut shares of New Mountain Finance Corporation from a sell rating to a strong sell rating in a research report on Saturday, September 2nd.

Shares of New Mountain Finance Corporation (NYSE NMFC) opened at $14.05 on Thursday. The company has a current ratio of 0.81, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1,065.06, a PE ratio of 10.41 and a beta of 0.59. New Mountain Finance Corporation has a 1 year low of $13.40 and a 1 year high of $15.00.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.68%. The ex-dividend date is Thursday, December 14th. New Mountain Finance Corporation’s dividend payout ratio is 90.07%.

A number of institutional investors have recently bought and sold shares of the stock. Green Square Capital LLC raised its position in New Mountain Finance Corporation by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 25,414 shares of the investment management company’s stock worth $370,000 after purchasing an additional 420 shares during the period. BlueCrest Capital Management Ltd raised its position in New Mountain Finance Corporation by 9.7% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 13,669 shares of the investment management company’s stock worth $199,000 after purchasing an additional 1,203 shares during the period. Rothschild Investment Corp IL raised its position in New Mountain Finance Corporation by 4.5% in the 2nd quarter. Rothschild Investment Corp IL now owns 34,544 shares of the investment management company’s stock worth $503,000 after purchasing an additional 1,500 shares during the period. Stifel Financial Corp raised its position in New Mountain Finance Corporation by 22.3% in the 2nd quarter. Stifel Financial Corp now owns 12,868 shares of the investment management company’s stock worth $186,000 after purchasing an additional 2,343 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in New Mountain Finance Corporation by 9.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 26,961 shares of the investment management company’s stock worth $402,000 after purchasing an additional 2,410 shares during the period. 40.60% of the stock is currently owned by 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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