Equities analysts predict that New Mountain Finance Corporation (NYSE:NMFC) will announce earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for New Mountain Finance Corporation’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.35. New Mountain Finance Corporation also reported earnings per share of $0.34 in the same quarter last year. The company is expected to report its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that New Mountain Finance Corporation will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.38. For the next year, analysts expect that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.38 to $1.43. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover New Mountain Finance Corporation.

New Mountain Finance Corporation (NYSE:NMFC) last released its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $50.02 million for the quarter, compared to analysts’ expectations of $47.66 million. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.48%.

A number of research firms recently issued reports on NMFC. Zacks Investment Research cut New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a report on Friday, May 12th. Keefe, Bruyette & Woods set a $15.00 price target on New Mountain Finance Corporation and gave the company a “hold” rating in a report on Wednesday, May 31st. Finally, BidaskClub cut New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

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New Mountain Finance Corporation (NYSE:NMFC) traded down 2.38% during trading on Thursday, reaching $14.35. 451,364 shares of the company’s stock traded hands. New Mountain Finance Corporation has a 12 month low of $13.05 and a 12 month high of $15.00. The firm’s 50 day moving average is $14.41 and its 200-day moving average is $14.58.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.48%. New Mountain Finance Corporation’s dividend payout ratio is 86.62%.

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

A number of hedge funds have recently made changes to their positions in NMFC. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of New Mountain Finance Corporation by 84.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 349,405 shares of the investment management company’s stock valued at $5,206,000 after buying an additional 159,820 shares in the last quarter. Norges Bank purchased a new stake in shares of New Mountain Finance Corporation during the fourth quarter valued at $1,693,000. Clinton Group Inc. boosted its stake in shares of New Mountain Finance Corporation by 16.4% in the first quarter. Clinton Group Inc. now owns 26,258 shares of the investment management company’s stock valued at $391,000 after buying an additional 3,695 shares in the last quarter. LSV Asset Management boosted its stake in shares of New Mountain Finance Corporation by 214.9% in the first quarter. LSV Asset Management now owns 1,602,426 shares of the investment management company’s stock valued at $23,876,000 after buying an additional 1,093,590 shares in the last quarter. Finally, Allen Investment Management LLC boosted its stake in shares of New Mountain Finance Corporation by 69.9% in the first quarter. Allen Investment Management LLC now owns 30,169 shares of the investment management company’s stock valued at $450,000 after buying an additional 12,408 shares in the last quarter. 39.43% 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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