Brokerages expect that New Mountain Finance Corporation (NYSE:NMFC) will report earnings of $0.34 per share for the current quarter, according to Zacks. Four analysts have provided estimates for New Mountain Finance Corporation’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. New Mountain Finance Corporation also reported earnings per share of $0.34 during the same quarter last year. The firm is scheduled to announce its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that New Mountain Finance Corporation will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.38. For the next year, analysts expect that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.36 to $1.40. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow New Mountain Finance Corporation.

Several brokerages have weighed in on NMFC. ValuEngine upgraded shares of New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. 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 research report on Thursday, October 5th. BidaskClub lowered shares of New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Finally, Zacks Investment Research lowered shares of New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th.

Shares of New Mountain Finance Corporation (NYSE NMFC) traded down $0.10 on Monday, reaching $14.05. 181,600 shares of the company’s stock traded hands, compared to its average volume of 226,006. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.80. 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 $1,065.06, a price-to-earnings ratio of 10.41 and a beta of 0.59.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 9.68%. The ex-dividend date of this dividend is Thursday, December 14th. New Mountain Finance Corporation’s dividend payout ratio (DPR) is presently 90.07%.

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Several hedge funds and other institutional investors have recently made changes to their positions in NMFC. Airain ltd purchased a new stake in shares of New Mountain Finance Corporation in the second quarter valued at about $149,000. Cetera Investment Advisers purchased a new stake in shares of New Mountain Finance Corporation in the second quarter valued at about $153,000. Financial Counselors Inc. purchased a new stake in shares of New Mountain Finance Corporation in the second quarter valued at about $155,000. Alliancebernstein L.P. purchased a new stake in shares of New Mountain Finance Corporation in the second quarter valued at about $160,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of New Mountain Finance Corporation in the third quarter valued at about $161,000. 40.62% of the stock is currently owned by 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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