New Mountain Finance (NASDAQ:NMFC) Reaches New 52-Week Low - What's Next?

New Mountain Finance Co. (NASDAQ:NMFC - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $11.52 and last traded at $11.53, with a volume of 65694 shares changing hands. The stock had previously closed at $11.57.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on New Mountain Finance from $12.50 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, August 2nd.

New Mountain Finance Stock Down 0.2 %

The company's 50 day moving average price is $12.01 and its two-hundred day moving average price is $12.29. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.25 billion, a PE ratio of 10.38 and a beta of 1.14.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $94.59 million for the quarter, compared to the consensus estimate of $90.25 million. New Mountain Finance had a return on equity of 11.60% and a net margin of 31.65%. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities research analysts expect that New Mountain Finance Co. will post 1.41 EPS for the current fiscal year.

Institutional Trading of New Mountain Finance

Hedge funds and other institutional investors have recently modified their holdings of the company. Oak Family Advisors LLC lifted its holdings in New Mountain Finance by 0.7% in the 2nd quarter. Oak Family Advisors LLC now owns 150,384 shares of the company's stock worth $1,841,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP lifted its holdings in shares of New Mountain Finance by 68.3% in the second quarter. Quarry LP now owns 3,307 shares of the company's stock worth $40,000 after buying an additional 1,342 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of New Mountain Finance by 16.0% during the first quarter. ProShare Advisors LLC now owns 13,035 shares of the company's stock worth $165,000 after acquiring an additional 1,800 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in New Mountain Finance by 9.1% during the second quarter. Moloney Securities Asset Management LLC now owns 30,742 shares of the company's stock valued at $376,000 after acquiring an additional 2,571 shares in the last quarter. Finally, GYL Financial Synergies LLC increased its holdings in New Mountain Finance by 18.5% in the 2nd quarter. GYL Financial Synergies LLC now owns 18,290 shares of the company's stock valued at $224,000 after acquiring an additional 2,860 shares during the last quarter. 32.08% of the stock is owned by hedge funds and other institutional investors.

New Mountain Finance Company Profile

New Mountain Finance Corporation Nasdaq: NMFC, a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.