Keefe, Bruyette & Woods set a $15.00 price target on New Mountain Finance Corporation (NYSE:NMFC) in a report released on Thursday. The brokerage currently has a hold rating on the investment management company’s stock.

Several other brokerages have also issued reports on NMFC. BidaskClub lowered shares of New Mountain Finance Corporation from a hold rating to a sell rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of New Mountain Finance Corporation from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Wednesday, July 12th.

New Mountain Finance Corporation (NMFC) opened at 14.25 on Thursday. New Mountain Finance Corporation has a one year low of $13.05 and a one year high of $15.00. The firm’s 50-day moving average is $14.04 and its 200 day moving average is $14.43.

New Mountain Finance Corporation (NYSE:NMFC) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $50.02 million during the quarter, compared to analysts’ expectations of $47.66 million. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. On average, equities research analysts anticipate that New Mountain Finance Corporation will post $1.36 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 9.54%. The ex-dividend date of this dividend was Thursday, September 14th. New Mountain Finance Corporation’s dividend payout ratio (DPR) is presently 86.62%.

Institutional investors have recently made changes to their positions in the business. Round Table Services LLC increased its holdings in New Mountain Finance Corporation by 22.7% in the 2nd quarter. Round Table Services LLC now owns 1,300,398 shares of the investment management company’s stock valued at $18,921,000 after buying an additional 240,229 shares during the period. Capital Fund Management S.A. increased its holdings in New Mountain Finance Corporation by 94.3% in the 2nd quarter. Capital Fund Management S.A. now owns 96,938 shares of the investment management company’s stock valued at $1,410,000 after buying an additional 47,038 shares during the period. Clinton Group Inc. increased its holdings in New Mountain Finance Corporation by 16.4% in the 1st quarter. Clinton Group Inc. now owns 26,258 shares of the investment management company’s stock valued at $391,000 after buying an additional 3,695 shares during the period. Allen Investment Management LLC increased its holdings in New Mountain Finance Corporation by 69.9% in the 1st quarter. Allen Investment Management LLC now owns 30,169 shares of the investment management company’s stock valued at $450,000 after buying an additional 12,408 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in New Mountain Finance Corporation in the 1st quarter valued at $233,000. 40.71% of the stock is currently owned by hedge funds and other institutional investors.

New Mountain Finance Corporation Company Profile

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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