Somewhat Positive Press Coverage Somewhat Unlikely to Impact New Mountain Finance Corporation (NMFC) Stock Price
Media coverage about New Mountain Finance Corporation (NYSE:NMFC) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Mountain Finance Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 46.5468997642305 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Investors see Lower earnings in the future New Mountain Finance Corporation (NMFC) – Street Observer (press release) (streetobserver.com)
- New Mountain Finance Corporation (NMFC) vs. KCAP Financial (KCAP) Head-To-Head Survey (americanbankingnews.com)
- New Mountain Finance Corporation (NMFC) versus KCAP Financial (KCAP) Critical Comparison (americanbankingnews.com)
- $48.70 Million in Sales Expected for New Mountain Finance Corporation (NMFC) This Quarter (americanbankingnews.com)
- Keefe, Bruyette & Woods Analysts Give New Mountain Finance Corporation (NMFC) a $15.00 Price Target (americanbankingnews.com)
A number of research firms recently weighed in on NMFC. Zacks Investment Research lowered shares of New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub lowered shares of New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd.
Shares of New Mountain Finance Corporation (NMFC) opened at 14.20 on Friday. The company has a 50 day moving average of $14.06 and a 200-day moving average of $14.41. New Mountain Finance Corporation has a 12-month low of $13.05 and a 12-month high of $15.00.
New Mountain Finance Corporation (NYSE:NMFC) last posted its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. The business had revenue of $50.02 million for the quarter, compared to analyst estimates of $47.66 million. Equities research analysts forecast that New Mountain Finance Corporation will post $1.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend was Thursday, September 14th. New Mountain Finance Corporation’s payout ratio is currently 86.62%.
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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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