News headlines about New Mountain Finance Corporation (NYSE:NMFC) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New Mountain Finance Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 46.1112326200746 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NMFC has been the topic of a number of recent analyst reports. Zacks Investment Research cut New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of New Mountain Finance Corporation in a report on Thursday, August 31st. BidaskClub downgraded New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Finally, ValuEngine upgraded New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.
Shares of New Mountain Finance Corporation (NYSE NMFC) remained flat at $$14.30 during trading on Thursday. The company’s stock had a trading volume of 210,600 shares, compared to its average volume of 343,687. New Mountain Finance Corporation has a one year low of $13.40 and a one year high of $15.00. The firm has a market cap of $1,080.00, a P/E ratio of 10.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.81.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.36 annualized dividend and a yield of 9.51%. New Mountain Finance Corporation’s dividend payout ratio (DPR) is currently 87.74%.
In related news, CFO Shiraz Kajee purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $14.08 per share, for a total transaction of $28,160.00. Following the completion of the acquisition, the chief financial officer now owns 4,000 shares of the company’s stock, valued at approximately $56,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.73% of the company’s stock.
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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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