ValuEngine upgraded shares of New Mountain Finance Corporation (NYSE:NMFC) from a hold rating to a buy rating in a research note issued to investors on Thursday.

NMFC has been the topic of a number of other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $15.00 target price on shares of New Mountain Finance Corporation in a research report on Thursday, August 31st. Zacks Investment Research lowered New Mountain Finance Corporation from a buy rating to a hold rating in a research report on Saturday, August 12th. Finally, BidaskClub lowered New Mountain Finance Corporation from a sell rating to a strong sell rating in a research report on Saturday, September 2nd.

Shares of New Mountain Finance Corporation (NYSE:NMFC) traded down $0.10 during trading hours on Thursday, hitting $14.05. The stock had a trading volume of 181,658 shares, compared to its average volume of 346,702. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 1.20. New Mountain Finance Corporation has a one year low of $13.40 and a one year high of $15.00. The firm has a market capitalization of $1,060.00, a price-to-earnings ratio of 10.52 and a beta of 0.58.

New Mountain Finance Corporation (NYSE:NMFC) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. New Mountain Finance Corporation had a return on equity of 10.14% and a net margin of 61.81%. The company had revenue of $50.02 million for the quarter, compared to analyst estimates of $47.66 million. research analysts anticipate that New Mountain Finance Corporation will post 1.36 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.36 annualized dividend and a yield of 9.68%. New Mountain Finance Corporation’s dividend payout ratio (DPR) is currently 87.74%.

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in New Mountain Finance Corporation by 2.6% during the third quarter. Wells Fargo & Company MN now owns 6,604,157 shares of the investment management company’s stock worth $94,109,000 after buying an additional 167,120 shares in the last quarter. Legal & General Group Plc grew its holdings in New Mountain Finance Corporation by 11.0% during the third quarter. Legal & General Group Plc now owns 219,315 shares of the investment management company’s stock worth $3,120,000 after buying an additional 21,683 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in New Mountain Finance Corporation by 269.7% during the third quarter. Oppenheimer & Co. Inc. now owns 45,294 shares of the investment management company’s stock worth $645,000 after buying an additional 33,041 shares in the last quarter. Macquarie Group Ltd. grew its holdings in New Mountain Finance Corporation by 28.2% during the third quarter. Macquarie Group Ltd. now owns 92,141 shares of the investment management company’s stock worth $1,313,000 after buying an additional 20,241 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in New Mountain Finance Corporation by 176.6% during the third quarter. Ameriprise Financial Inc. now owns 66,902 shares of the investment management company’s stock worth $953,000 after buying an additional 42,711 shares in the last quarter. Institutional investors and hedge funds own 40.60% 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.

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