Media stories about New Mountain Finance (NYSE:NMFC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Mountain Finance earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 46.5040868388113 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- New Mountain Finance Corporation: New Mountain Finance Corporation Announces It Will Seek Shareholder Approval for Reduced Asset Coverage (twst.com)
- $50.86 Million in Sales Expected for New Mountain Finance (NMFC) This Quarter (americanbankingnews.com)
- Trudeau promises financial backing for ‘vital’ Trans Mountain pipeline (theglobeandmail.com)
- Financial Stock in Focus: New Mountain Finance Corporation (NMFC) (stocksgeeks.com)
NMFC opened at $13.45 on Friday. New Mountain Finance has a fifty-two week low of $12.05 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.41 and a current ratio of 3.41. The company has a market cap of $1,017.53, a price-to-earnings ratio of 10.43 and a beta of 0.54.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.11%. The ex-dividend date of this dividend was Wednesday, March 14th. New Mountain Finance’s payout ratio is 105.43%.
Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of New Mountain Finance from a “b” rating to a “c+” rating in a report on Wednesday, April 11th. Zacks Investment Research lowered shares of New Mountain Finance from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance and gave the stock a “hold” rating in a report on Thursday, March 1st. Finally, ValuEngine lowered shares of New Mountain Finance from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.00.
In other news, Director Alfred F. Hurley, Jr. purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average price of $13.04 per share, for a total transaction of $65,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Kline purchased 20,000 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was purchased at an average price of $13.14 per share, for a total transaction of $262,800.00. Following the transaction, the insider now directly owns 68,255 shares in the company, valued at approximately $896,870.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 557,831 shares of company stock worth $7,449,774 over the last three months. Insiders own 9.39% of the company’s stock.
About New Mountain Finance
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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