New Mountain Finance (NASDAQ:NMFC - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect New Mountain Finance to post earnings of $0.33 per share and revenue of $93.23 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.
New Mountain Finance Trading Up 0.1 %
NMFC traded up $0.01 during midday trading on Friday, reaching $11.98. 247,292 shares of the company's stock traded hands, compared to its average volume of 308,905. The firm has a fifty day moving average of $11.43 and a two-hundred day moving average of $11.69. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. New Mountain Finance has a 52 week low of $10.61 and a 52 week high of $13.01.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company decreased their target price on New Mountain Finance from $12.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th.
Read Our Latest Research Report on NMFC
Insider Buying and Selling
In related news, Director Steven B. Klinsky purchased 6,200 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $11.75 per share, for a total transaction of $72,850.00. Following the purchase, the director now directly owns 4,122,655 shares of the company's stock, valued at approximately $48,441,196.25. This represents a 0.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 97,504 shares of company stock worth $1,111,510 in the last 90 days. Insiders own 10.22% of the company's stock.
About New Mountain Finance
(
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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