Media stories about New Mountain Finance (NYSE:NMFC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Mountain Finance earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 45.8444277386323 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
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New Mountain Finance (NMFC) Expected to Post Quarterly Sales of $50.86 Million (americanbankingnews.com) Zacks: Analysts Anticipate New Mountain Finance (NMFC) Will Post Earnings of $0.34 Per Share (americanbankingnews.com) New Mountain Finance (NMFC) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com) Is this stock is more Volatile? New Mountain Finance Corporation (NMFC) (stockquote.review) New Mountain Finance Corporation (NMFC): Stock Have a Latest Story: (mosttradedstocks.com)
A number of equities analysts have recently weighed in on NMFC shares. Zacks Investment Research raised shares of New Mountain Finance from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, March 21st. TheStreet downgraded shares of New Mountain Finance from a “b” rating to a “c+” rating in a research note on Wednesday, April 11th. ValuEngine downgraded shares of New Mountain Finance from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Keefe, Bruyette & Woods set a $15.00 price target on shares of New Mountain Finance and gave the stock a “hold” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.
New Mountain Finance stock opened at $13.60 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.41 and a current ratio of 3.41. The firm has a market cap of $1,032.72, a price-to-earnings ratio of 10.54 and a beta of 0.53. New Mountain Finance has a one year low of $12.05 and a one year high of $14.90.
New Mountain Finance (NYSE:NMFC) last posted its earnings results on Wednesday, February 28th. The investment management company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $53.30 million for the quarter, compared to the consensus estimate of $48.94 million. New Mountain Finance had a net margin of 55.29% and a return on equity of 10.26%. sell-side analysts predict that New Mountain Finance will post 1.38 EPS for the current fiscal year.
In other New Mountain Finance news, insider James Stone bought 3,300 shares of the stock in a transaction on Tuesday, March 13th. The shares were purchased at an average cost of $13.53 per share, with a total value of $44,649.00. Following the completion of the transaction, the insider now directly owns 90,190 shares of the company’s stock, valued at approximately $1,220,270.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alfred F. Hurley, Jr. bought 5,000 shares of the stock in a transaction on Friday, March 16th. The shares were acquired at an average cost of $13.04 per share, for a total transaction of $65,200.00. The disclosure for this purchase can be found here. Insiders have acquired 557,831 shares of company stock worth $7,449,774 over the last three months. Company insiders own 9.39% of the company’s stock.
About New Mountain Finance
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.