Headlines about New Mountain Finance (NYSE:NMFC) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Mountain Finance earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.0332453323192 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- New Mountain Finance Breaks Above 200-Day Moving Average – Bullish for NMFC (nasdaq.com)
- Head to Head Contrast: American Capital (ACSF) & New Mountain Finance (NMFC) (americanbankingnews.com)
- Edited Transcript of NMFC earnings conference call or presentation 8-May-18 2:00pm GMT (finance.yahoo.com)
- New Mountain Finance to Post FY2018 Earnings of $1.38 Per Share, Oppenheimer Forecasts (NMFC) (americanbankingnews.com)
- New Mountain Finance (NMFC) Lowered to “Sell” at Zacks Investment Research (americanbankingnews.com)
NMFC has been the topic of several research reports. Zacks Investment Research upgraded New Mountain Finance from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, March 21st. TheStreet downgraded New Mountain Finance from a “b” rating to a “c+” rating in a research report on Wednesday, April 11th. ValuEngine downgraded New Mountain Finance from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods set a $15.00 price objective on New Mountain Finance and gave the stock a “hold” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.00.
New Mountain Finance (NYSE:NMFC) last announced its quarterly earnings results on Wednesday, February 28th. The investment management company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $53.30 million for the quarter, compared to analyst estimates of $48.94 million. New Mountain Finance had a return on equity of 10.27% and a net margin of 49.57%. research analysts anticipate that New Mountain Finance will post 1.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, June 14th. This represents a $1.36 annualized dividend and a yield of 9.86%. New Mountain Finance’s dividend payout ratio (DPR) is 105.43%.
In other New Mountain Finance news, Director Alfred F. Hurley, Jr. bought 5,000 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was acquired at an average cost of $13.04 per share, with a total value of $65,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Kline acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $13.14 per share, with a total value of $262,800.00. Following the completion of the purchase, the insider now directly owns 68,255 shares in the company, valued at $896,870.70. The disclosure for this purchase can be found here. In the last quarter, insiders bought 557,831 shares of company stock worth $7,449,774. Company insiders own 10.27% of the company’s stock.
New Mountain Finance 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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