New Mountain Finance (NASDAQ:NMFC - Get Free Report) posted its earnings results on Monday. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32, Zacks reports. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business had revenue of $85.66 million for the quarter, compared to analyst estimates of $86.65 million. During the same quarter in the previous year, the business posted $0.36 EPS. The business's quarterly revenue was down 5.4% on a year-over-year basis.
New Mountain Finance Stock Up 0.7 %
Shares of NASDAQ NMFC traded up $0.07 during midday trading on Friday, reaching $10.41. 316,648 shares of the company's stock were exchanged, compared to its average volume of 475,099. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.91 and a beta of 0.85. New Mountain Finance has a 52-week low of $8.84 and a 52-week high of $12.65. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The business's fifty day moving average price is $10.36 and its two-hundred day moving average price is $11.10.
New Mountain Finance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.32 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.28 dividend on an annualized basis and a yield of 12.30%. New Mountain Finance's payout ratio is currently 128.00%.
Insider Buying and Selling at New Mountain Finance
In other New Mountain Finance news, Director David Ogens bought 5,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $11.44 per share, with a total value of $57,200.00. Following the transaction, the director now directly owns 179,020 shares in the company, valued at approximately $2,047,988.80. This trade represents a 2.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.71% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Monday, April 28th.
Check Out Our Latest Stock Report on New Mountain Finance
About New Mountain Finance
(
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New Mountain Finance Corporation Nasdaq: NMFC, a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.
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