Somewhat Positive Press Coverage Somewhat Unlikely to Impact New Mountain Finance Corporation (NMFC) Share Price
News articles about New Mountain Finance Corporation (NYSE:NMFC) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Mountain Finance Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 46.3715188643598 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- New Mountain Finance Corporation (NMFC) Earns Hold Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
- New Mountain Finance Corporation (NMFC) Expected to Announce Quarterly Sales of $48.70 Million (americanbankingnews.com)
- Zacks: Brokerages Expect New Mountain Finance Corporation (NMFC) Will Announce Earnings of $0.34 Per Share (americanbankingnews.com)
- Have Analysts Uncovered Value in New Mountain Finance Corporation (NYSE:NMFC)? – Evergreen Caller (evergreencaller.com)
- Running on Empty or is New Mountain Finance Corp (NMFC) Refueling? – Sparta Review (spartareview.com)
Shares of New Mountain Finance Corporation (NYSE:NMFC) opened at 14.10 on Friday. New Mountain Finance Corporation has a 1-year low of $13.05 and a 1-year high of $15.00. The company has a 50 day moving average price of $14.32 and a 200-day moving average price of $14.56.
New Mountain Finance Corporation (NYSE:NMFC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. The company 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 fiscal year.
The company 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 annualized dividend and a dividend yield of 9.65%. The ex-dividend date is Thursday, September 14th. New Mountain Finance Corporation’s dividend payout ratio (DPR) is 86.62%.
A number of analysts recently weighed in on NMFC shares. Zacks Investment Research downgraded New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note 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 research note on Wednesday, May 31st. Finally, BidaskClub downgraded New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.
In other news, CFO Shiraz Kajee purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was bought at an average price of $14.63 per share, with a total value of $29,260.00. Following the acquisition, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $29,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.73% of the stock is owned by insiders.
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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