Keefe, Bruyette & Woods restated their hold rating on shares of New Mountain Finance Corporation (NYSE:NMFC) in a research note released on Thursday. Keefe, Bruyette & Woods currently has a $15.00 price objective on the investment management company’s stock.

Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered New Mountain Finance Corporation from a hold rating to a sell rating in a report on Friday, May 12th. BidaskClub lowered New Mountain Finance Corporation from a hold rating to a sell rating in a report on Sunday, July 16th.

New Mountain Finance Corporation (NYSE:NMFC) traded up 1.06% during mid-day trading on Thursday, reaching $14.25. The company had a trading volume of 93,364 shares. New Mountain Finance Corporation has a one year low of $13.05 and a one year high of $15.00. The company’s 50-day moving average is $14.32 and its 200-day moving average is $14.56.

New Mountain Finance Corporation (NYSE:NMFC) last announced its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. The business had revenue of $50.02 million during the quarter, compared to analyst estimates of $47.66 million. On average, equities analysts forecast that New Mountain Finance Corporation will post $1.36 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date of this dividend is Thursday, September 14th. New Mountain Finance Corporation’s payout ratio is currently 86.62%.

In related news, CFO Shiraz Kajee purchased 2,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $29,260. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.73% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Clinton Group Inc. raised its position in 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 worth $391,000 after buying an additional 3,695 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position in New Mountain Finance Corporation by 4.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 257,349 shares of the investment management company’s stock worth $3,834,000 after buying an additional 11,334 shares during the last quarter. JPMorgan Chase & Co. raised its position in New Mountain Finance Corporation by 135.7% in the first quarter. JPMorgan Chase & Co. now owns 51,522 shares of the investment management company’s stock worth $768,000 after buying an additional 29,665 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in New Mountain Finance Corporation during the first quarter worth approximately $298,000. Finally, Oxford Asset Management bought a new position in New Mountain Finance Corporation during the first quarter worth approximately $557,000. 40.76% of the stock is owned by hedge funds and other institutional investors.

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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