New Mountain Finance Corporation (NYSE:NMFC)‘s stock had its “hold” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a research report issued on Thursday. They currently have a $15.00 price objective on the investment management company’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 6.38% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub downgraded New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

Shares of New Mountain Finance Corporation (NYSE:NMFC) remained flat at $14.10 during trading on Thursday. 337,172 shares of the company’s stock traded hands. The firm has a 50 day moving average of $14.32 and a 200 day moving average of $14.56. New Mountain Finance Corporation has a 52-week low of $13.05 and a 52-week high of $15.00.

New Mountain Finance Corporation (NYSE:NMFC) last issued its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. The company had revenue of $50.02 million for the quarter, compared to the consensus estimate of $47.66 million. Equities research analysts expect that New Mountain Finance Corporation will post $1.36 earnings per share for the current year.

WARNING: “New Mountain Finance Corporation’s (NMFC) “Hold” Rating Reiterated at Keefe, Bruyette & Woods” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/31/new-mountain-finance-corporations-nmfc-hold-rating-reiterated-at-keefe-bruyette-woods.html.

In other New Mountain Finance Corporation news, CFO Shiraz Kajee acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $14.63 per share, for a total transaction of $29,260.00. Following the acquisition, the chief financial officer now owns 2,000 shares in the company, valued at approximately $29,260. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.73% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC increased its position in New Mountain Finance Corporation by 49.7% in the first quarter. Global X Management Co. LLC now owns 9,057 shares of the investment management company’s stock worth $135,000 after buying an additional 3,007 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in New Mountain Finance Corporation during the first quarter worth approximately $148,000. Airain ltd acquired a new position in New Mountain Finance Corporation during the second quarter worth approximately $149,000. Cetera Investment Advisers acquired a new position in New Mountain Finance Corporation during the second quarter worth approximately $153,000. Finally, Financial Counselors Inc. acquired a new position in New Mountain Finance Corporation during the second quarter worth approximately $155,000. Institutional investors and hedge funds own 40.76% of the company’s stock.

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.

Receive News & Stock Ratings for New Mountain Finance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Mountain Finance Corporation and related stocks with our FREE daily email newsletter.