Equities research analysts forecast that New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) will report earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for New Mountain Finance’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.30. New Mountain Finance also posted earnings of $0.30 per share during the same quarter last year. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that New Mountain Finance will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.25. For the next financial year, analysts expect that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.27. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for New Mountain Finance.
New Mountain Finance (NASDAQ:NMFC – Get Rating) last released its earnings results on Monday, February 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). New Mountain Finance had a return on equity of 9.14% and a net margin of 74.33%. During the same quarter in the previous year, the firm posted $0.30 EPS.
Shares of New Mountain Finance stock traded up $0.06 during mid-day trading on Wednesday, reaching $13.40. 6,889 shares of the stock traded hands, compared to its average volume of 339,602. The stock has a market capitalization of $1.32 billion, a PE ratio of 7.03 and a beta of 1.30. The business has a 50-day moving average of $13.61 and a 200 day moving average of $13.61. New Mountain Finance has a fifty-two week low of $12.51 and a fifty-two week high of $14.11. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.42.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 16th. This represents a $1.20 annualized dividend and a dividend yield of 8.96%. New Mountain Finance’s dividend payout ratio is presently 62.83%.
Several hedge funds and other institutional investors have recently bought and sold shares of NMFC. Allspring Global Investments Holdings LLC purchased a new stake in shares of New Mountain Finance in the fourth quarter valued at about $42,510,000. Ares Management LLC grew its stake in shares of New Mountain Finance by 74.5% in the 3rd quarter. Ares Management LLC now owns 609,420 shares of the company’s stock valued at $8,111,000 after buying an additional 260,084 shares during the period. Two Sigma Investments LP increased its holdings in shares of New Mountain Finance by 100.5% during the 3rd quarter. Two Sigma Investments LP now owns 378,121 shares of the company’s stock worth $5,033,000 after buying an additional 189,566 shares during the last quarter. Round Table Services LLC raised its position in shares of New Mountain Finance by 5.0% during the 4th quarter. Round Table Services LLC now owns 2,766,554 shares of the company’s stock valued at $37,902,000 after buying an additional 132,446 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in New Mountain Finance by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 1,432,618 shares of the company’s stock valued at $19,627,000 after acquiring an additional 103,352 shares during the last quarter. Institutional investors and hedge funds own 34.75% of the company’s stock.
New Mountain Finance Company Profile (Get Rating)
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in Âdefensive growthÂ industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes and mezzanine securities.
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