New Mountain Finance (NASDAQ:NMFC) Sees Strong Trading Volume

Shares of New Mountain Finance Co. (NASDAQ:NMFCGet Free Report) saw an uptick in trading volume on Friday . 676,284 shares were traded during trading, an increase of 65% from the previous session’s volume of 410,873 shares.The stock last traded at $12.61 and had previously closed at $12.59.

New Mountain Finance Stock Performance

The firm has a market capitalization of $1.34 billion, a P/E ratio of 11.35 and a beta of 1.13. The stock has a 50-day moving average of $12.59 and a 200 day moving average of $12.71. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11.

New Mountain Finance (NASDAQ:NMFCGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The firm had revenue of $90.56 million during the quarter, compared to the consensus estimate of $90.08 million. New Mountain Finance had a net margin of 31.67% and a return on equity of 11.80%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, research analysts anticipate that New Mountain Finance Co. will post 1.43 earnings per share for the current year.

New Mountain Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.28 dividend on an annualized basis and a yield of 10.16%. New Mountain Finance’s payout ratio is 115.32%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Morton Brown Family Wealth LLC bought a new position in New Mountain Finance in the 4th quarter valued at $35,000. Hillsdale Investment Management Inc. acquired a new position in shares of New Mountain Finance in the 1st quarter valued at $40,000. EntryPoint Capital LLC acquired a new position in shares of New Mountain Finance in the 1st quarter valued at $52,000. Barclays PLC acquired a new position in shares of New Mountain Finance in the 3rd quarter valued at $63,000. Finally, Lazard Asset Management LLC acquired a new position in shares of New Mountain Finance in the 1st quarter valued at $126,000. 32.08% of the stock is currently owned by institutional investors.

New Mountain Finance Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for New Mountain Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Mountain Finance and related companies with MarketBeat.com's FREE daily email newsletter.