The New Mountain Finance Corporation (NMFC) Expected to Post Quarterly Sales of $48.70 Million

The New Mountain Finance Corporation (NMFC) Expected to Post Quarterly Sales of $48.70 Million

Brokerages expect New Mountain Finance Corporation (NYSE:NMFC) to report sales of $48.70 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for New Mountain Finance Corporation’s earnings. The highest sales estimate is $50.33 million and the lowest is $46.29 million. New Mountain Finance Corporation reported sales of $41.83 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.4%. The business is expected to report its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that New Mountain Finance Corporation will report full-year sales of $48.70 million for the current fiscal year, with estimates ranging from $181.90 million to $194.16 million. For the next year, analysts anticipate that the company will report sales of $208.27 million per share, with estimates ranging from $194.10 million to $217.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow New Mountain Finance Corporation.

New Mountain Finance Corporation (NYSE:NMFC) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. The firm had revenue of $50.02 million during the quarter, compared to analysts’ expectations of $47.66 million.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 target price on shares of New Mountain Finance Corporation in a research note on Tuesday, July 25th. BidaskClub downgraded New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Zacks Investment Research upgraded New Mountain Finance Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, July 12th.

New Mountain Finance Corporation (NYSE NMFC) traded up 0.36% on Thursday, hitting $14.05. The stock had a trading volume of 149,831 shares. The company’s 50-day moving average is $14.08 and its 200-day moving average is $14.38. New Mountain Finance Corporation has a one year low of $13.05 and a one year high of $15.00.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.36 annualized dividend and a dividend yield of 9.68%. New Mountain Finance Corporation’s dividend payout ratio is presently 86.62%.

A number of large investors have recently bought and sold shares of the stock. Round Table Services LLC grew its stake in New Mountain Finance Corporation by 3.5% in the third quarter. Round Table Services LLC now owns 1,346,026 shares of the investment management company’s stock worth $19,181,000 after purchasing an additional 45,628 shares in the last quarter. Cetera Investment Advisers acquired a new position in New Mountain Finance Corporation in the second quarter worth about $153,000. Raymond James Financial Services Advisors Inc. acquired a new position in New Mountain Finance Corporation in the second quarter worth about $1,329,000. Green Square Capital LLC grew its stake in New Mountain Finance Corporation by 1.7% in the second quarter. Green Square Capital LLC now owns 25,414 shares of the investment management company’s stock worth $370,000 after purchasing an additional 420 shares in the last quarter. Finally, BlueCrest Capital Management Ltd grew its stake in New Mountain Finance Corporation by 9.7% in the second quarter. BlueCrest Capital Management Ltd now owns 13,669 shares of the investment management company’s stock worth $199,000 after purchasing an additional 1,203 shares in the last quarter. Institutional investors and hedge funds own 40.93% of the company’s stock.

New Mountain Finance Corporation Company Profile

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.

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