Media coverage about New Mountain Finance Corporation (NYSE:NMFC) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. New Mountain Finance Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 46.0350118317066 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of New Mountain Finance Corporation (NYSE:NMFC) opened at 14.05 on Wednesday. The firm’s 50-day moving average is $14.27 and its 200 day moving average is $14.53. New Mountain Finance Corporation has a 52 week low of $13.05 and a 52 week high of $15.00.
New Mountain Finance Corporation (NYSE:NMFC) last posted its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $50.02 million for the quarter, compared to analyst estimates of $47.66 million. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. Equities research analysts predict that New Mountain Finance Corporation will post $1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date is Thursday, September 14th. New Mountain Finance Corporation’s payout ratio is currently 86.62%.
Several brokerages have issued reports on NMFC. BidaskClub cut shares of New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 target price on shares of New Mountain Finance Corporation in a research note on Thursday, August 31st. Finally, Zacks Investment Research cut shares of New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th.
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About New Mountain Finance Corporation
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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