New Mountain Finance Corporation (NASDAQ:NMFC) Receives $10.17 Average PT from Analysts

New Mountain Finance Corporation (NASDAQ:NMFC) has earned a consensus rating of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.1667.

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of New Mountain Finance in a research report on Thursday, January 22nd. Zacks Research raised New Mountain Finance from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Keefe, Bruyette & Woods reduced their price objective on shares of New Mountain Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Finally, B. Riley Financial reissued a “neutral” rating and issued a $10.00 price objective (down from $11.00) on shares of New Mountain Finance in a research report on Wednesday, November 5th.

New Mountain Finance Stock Down 0.6%

Shares of New Mountain Finance stock opened at $7.96 on Thursday. The business’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $9.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $821.15 million, a PE ratio of 12.25 and a beta of 0.58. New Mountain Finance has a 52-week low of $7.93 and a 52-week high of $12.05.

Institutional Investors Weigh In On New Mountain Finance

Several hedge funds have recently bought and sold shares of NMFC. LSV Asset Management grew its position in shares of New Mountain Finance by 13.4% in the fourth quarter. LSV Asset Management now owns 2,986,718 shares of the company’s stock valued at $27,508,000 after purchasing an additional 353,062 shares during the last quarter. Oak Family Advisors LLC bought a new stake in New Mountain Finance in the 4th quarter valued at $124,000. Alpha Cubed Investments LLC bought a new stake in New Mountain Finance in the 4th quarter valued at $94,000. Nordwand Advisors LLC acquired a new position in New Mountain Finance in the 4th quarter valued at $385,000. Finally, UBS Group AG increased its position in New Mountain Finance by 33.4% during the 4th quarter. UBS Group AG now owns 1,541,128 shares of the company’s stock worth $14,194,000 after buying an additional 385,891 shares during the period. 32.08% of the stock is currently owned by institutional investors and hedge funds.

About New Mountain Finance

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.