Zacks: Analysts Expect New Mountain Finance Co. (NASDAQ:NMFC) Will Post Earnings of $0.30 Per Share

Equities analysts forecast that New Mountain Finance Co. (NASDAQ:NMFCGet Rating) will announce earnings of $0.30 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for New Mountain Finance’s earnings. New Mountain Finance also reported earnings of $0.30 per share in the same quarter last year. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that New Mountain Finance will report full-year earnings of $1.20 per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of $1.21 per share, with EPS estimates ranging from $1.20 to $1.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow New Mountain Finance.

A number of equities research analysts have recently issued reports on NMFC shares. Hovde Group dropped their target price on shares of New Mountain Finance to $12.50 in a report on Friday, May 20th. Janney Montgomery Scott began coverage on shares of New Mountain Finance in a report on Monday, February 7th. They issued a “buy” rating on the stock.

NASDAQ NMFC traded down $0.02 during trading on Tuesday, reaching $13.06. 5,967 shares of the company’s stock traded hands, compared to its average volume of 362,213. The company’s 50 day simple moving average is $13.25 and its two-hundred day simple moving average is $13.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.43 and a quick ratio of 1.43. New Mountain Finance has a 12-month low of $12.26 and a 12-month high of $14.11. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 7.42 and a beta of 1.24.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.19%. The ex-dividend date is Wednesday, June 15th. New Mountain Finance’s dividend payout ratio (DPR) is 68.18%.

In other New Mountain Finance news, Director Steven B. Klinsky acquired 18,350 shares of New Mountain Finance stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average cost of $12.80 per share, with a total value of $234,880.00. Following the purchase, the director now owns 7,181,197 shares in the company, valued at $91,919,321.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven B. Klinsky bought 14,250 shares of the company’s stock in a transaction on Friday, May 13th. The stock was purchased at an average cost of $12.73 per share, for a total transaction of $181,402.50. Following the completion of the transaction, the director now owns 7,162,847 shares in the company, valued at $91,183,042.31. The disclosure for this purchase can be found here. Insiders have bought a total of 66,100 shares of company stock valued at $835,668 in the last quarter. Company insiders own 10.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMFC. Mutual Advisors LLC lifted its position in shares of New Mountain Finance by 3.1% during the 1st quarter. Mutual Advisors LLC now owns 25,902 shares of the company’s stock worth $359,000 after buying an additional 787 shares during the period. National Asset Management Inc. grew its stake in shares of New Mountain Finance by 9.1% during the third quarter. National Asset Management Inc. now owns 11,929 shares of the company’s stock worth $159,000 after purchasing an additional 1,000 shares during the period. Advisory Services Network LLC lifted its holdings in New Mountain Finance by 4.9% during the first quarter. Advisory Services Network LLC now owns 21,390 shares of the company’s stock worth $296,000 after acquiring an additional 1,000 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in New Mountain Finance by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 95,163 shares of the company’s stock worth $1,304,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in New Mountain Finance by 1.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 77,885 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,357 shares in the last quarter. 30.15% of the stock is currently owned by hedge funds and other institutional investors.

About New Mountain Finance (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 defensive growth 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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Earnings History and Estimates for New Mountain Finance (NASDAQ:NMFC)

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