New Mountain Finance (NASDAQ:NMFC) Raised to Hold at B. Riley

New Mountain Finance (NASDAQ:NMFC - Get Free Report) was upgraded by B. Riley to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports. B. Riley also issued estimates for New Mountain Finance's Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.32 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.31 EPS and FY2026 earnings at $1.25 EPS.

NMFC has been the subject of several other reports. Keefe, Bruyette & Woods reduced 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 cut their target price on shares of New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th.

New Mountain Finance Price Performance

New Mountain Finance stock traded up $0.07 during midday trading on Monday, hitting $10.75. 245,622 shares of the company's stock were exchanged, compared to its average volume of 473,270. New Mountain Finance has a 52-week low of $8.84 and a 52-week high of $12.65. The stock has a 50-day moving average price of $10.30 and a two-hundred day moving average price of $11.08. 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 company has a market cap of $1.16 billion, a P/E ratio of 10.24 and a beta of 0.85.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The business had revenue of $85.66 million during the quarter, compared to analysts' expectations of $86.65 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm's revenue was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that New Mountain Finance will post 1.39 earnings per share for the current year.

Insider Buying and Selling

In other New Mountain Finance news, Director David Ogens purchased 5,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $11.44 per share, for a total transaction of $57,200.00. Following the completion of the transaction, the director now directly owns 179,020 shares in the company, valued at approximately $2,047,988.80. This represents a 2.87% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 11.71% of the stock is owned by company insiders.

Institutional Trading of New Mountain Finance

Several institutional investors have recently added to or reduced their stakes in NMFC. Franklin Resources Inc. purchased a new stake in New Mountain Finance during the third quarter valued at about $2,608,000. Rockingstone Advisors LLC boosted its position in New Mountain Finance by 79.1% during the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company's stock valued at $3,177,000 after buying an additional 124,599 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in New Mountain Finance by 31.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 254,181 shares of the company's stock valued at $2,862,000 after buying an additional 60,732 shares during the period. Inspire Investing LLC boosted its position in New Mountain Finance by 3.5% during the fourth quarter. Inspire Investing LLC now owns 35,455 shares of the company's stock valued at $399,000 after buying an additional 1,188 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in New Mountain Finance during the fourth quarter valued at about $309,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

New Mountain Finance Company Profile

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.