Somewhat Favorable News Coverage Somewhat Unlikely to Affect New Mountain Finance Corporation (NMFC) Stock Price
News stories about New Mountain Finance Corporation (NYSE:NMFC) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Mountain Finance Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.1015839545694 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2017 – Business Wire (press release) (businesswire.com)
- New Mountain Finance’s (NMFC) CEO Rob Hamwee on Q3 2017 … – Seeking Alpha (seekingalpha.com)
- New Mountain misses 3Q profit forecasts (finance.yahoo.com)
- New Mountain Finance Corporation to Host Earnings Call (finance.yahoo.com)
Shares of New Mountain Finance Corporation (NYSE NMFC) traded down $0.10 during trading on Monday, hitting $14.05. The stock had a trading volume of 181,600 shares, compared to its average volume of 346,701. The firm has a market capitalization of $1,070.00, a price-to-earnings ratio of 10.41 and a beta of 0.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.80. New Mountain Finance Corporation has a 12 month low of $13.40 and a 12 month high of $15.00.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors 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 yield of 9.68%. The ex-dividend date of this dividend is Thursday, December 14th. New Mountain Finance Corporation’s payout ratio is 87.74%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of New Mountain Finance Corporation in a research report on Thursday, August 31st. Zacks Investment Research lowered New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. BidaskClub lowered New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Finally, ValuEngine upgraded New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a research report on Thursday.
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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