New Mountain Finance (NASDAQ:NMFC - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01), Zacks reports. The company had revenue of $92.89 million for the quarter, compared to the consensus estimate of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%.
New Mountain Finance Stock Performance
Shares of NMFC traded up $0.15 during midday trading on Friday, reaching $11.65. The stock had a trading volume of 430,062 shares, compared to its average volume of 358,573. The firm has a 50 day simple moving average of $11.48 and a 200-day simple moving average of $11.67. New Mountain Finance has a one year low of $10.61 and a one year high of $13.01. The firm has a market cap of $1.26 billion, a PE ratio of 11.10 and a beta of 1.15. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46.
New Mountain Finance Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date is Monday, March 17th. New Mountain Finance's dividend payout ratio (DPR) is presently 123.08%.
Insider Activity
In related news, Director Steven B. Klinsky bought 16,624 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $11.74 per share, for a total transaction of $195,165.76. Following the purchase, the director now owns 4,133,737 shares in the company, valued at $48,530,072.38. This represents a 0.40 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 95,104 shares of company stock valued at $1,083,334 in the last quarter. Company insiders own 10.22% of the company's stock.
New Mountain Finance Company Profile
(
Get Free Report)
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.
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