New Mountain Finance (NASDAQ:NMFC) Downgraded to Sell Rating by Wall Street Zen

New Mountain Finance (NASDAQ:NMFC) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other brokerages have also recently issued reports on NMFC. Wells Fargo & Company decreased their target price on New Mountain Finance from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. B. Riley Financial reduced their price target on shares of New Mountain Finance from $10.00 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research lowered shares of New Mountain Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c-)” rating on shares of New Mountain Finance in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of New Mountain Finance from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $9.25.

New Mountain Finance Stock Down 2.0%

Shares of NASDAQ NMFC opened at $7.50 on Friday. The stock has a market capitalization of $773.70 million, a PE ratio of 50.00 and a beta of 0.59. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average of $8.20 and a 200-day moving average of $9.04. New Mountain Finance has a 52-week low of $7.47 and a 52-week high of $11.20.

Insider Buying and Selling at New Mountain Finance

In other New Mountain Finance news, COO Laura C. Holson Boswerger purchased 12,500 shares of New Mountain Finance stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $7.74 per share, with a total value of $96,750.00. Following the completion of the acquisition, the chief operating officer owned 81,030 shares of the company’s stock, valued at approximately $627,172.20. This trade represents a 18.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Adam B. Weinstein acquired 12,900 shares of the stock in a transaction on Tuesday, March 17th. The shares were acquired at an average price of $7.61 per share, with a total value of $98,169.00. Following the purchase, the executive vice president owned 751,756 shares in the company, valued at $5,720,863.16. This represents a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 1,200,673 shares of company stock valued at $9,662,634 in the last ninety days. Insiders own 11.71% of the company’s stock.

Hedge Funds Weigh In On New Mountain Finance

A number of institutional investors have recently made changes to their positions in NMFC. Mackenzie Financial Corp grew its position in shares of New Mountain Finance by 3.7% during the third quarter. Mackenzie Financial Corp now owns 31,306 shares of the company’s stock worth $302,000 after buying an additional 1,126 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of New Mountain Finance by 2.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 95,805 shares of the company’s stock worth $1,013,000 after purchasing an additional 2,634 shares during the last quarter. Advyzon Investment Management LLC increased its position in shares of New Mountain Finance by 25.3% in the 4th quarter. Advyzon Investment Management LLC now owns 16,080 shares of the company’s stock worth $148,000 after purchasing an additional 3,246 shares during the last quarter. Next Capital Management LLC raised its stake in shares of New Mountain Finance by 13.5% in the 4th quarter. Next Capital Management LLC now owns 29,680 shares of the company’s stock valued at $273,000 after purchasing an additional 3,530 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of New Mountain Finance by 8.5% in the 4th quarter. Inspire Investing LLC now owns 50,906 shares of the company’s stock valued at $469,000 after purchasing an additional 4,000 shares in the last quarter. 32.08% of the stock is owned by institutional investors and hedge funds.

New Mountain Finance Company Profile

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.