New Mountain Finance (NMFC) Getting Somewhat Favorable News Coverage, Analysis Shows

Media coverage about New Mountain Finance (NYSE:NMFC) has trended somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring 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 nearest to one being the most favorable. New Mountain Finance earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 45.615169029542 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern’s scoring:

A number of analysts have recently issued reports on NMFC shares. ValuEngine raised New Mountain Finance from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $15.00 target price on New Mountain Finance and gave the stock a “hold” rating in a research report on Thursday, October 5th.

Shares of New Mountain Finance (NYSE:NMFC) opened at $13.45 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1,020.00, a PE ratio of 8.68 and a beta of 0.58. New Mountain Finance has a fifty-two week low of $13.35 and a fifty-two week high of $15.00.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 10.11%. The ex-dividend date of this dividend was Thursday, December 14th. New Mountain Finance’s dividend payout ratio is currently 87.74%.

In other news, COO John Kline acquired 7,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $14.15 per share, with a total value of $106,125.00. Following the completion of the acquisition, the chief operating officer now directly owns 42,684 shares in the company, valued at $603,978.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shiraz Kajee acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $14.08 per share, with a total value 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 $56,320. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 26,100 shares of company stock valued at $369,068. 9.73% of the stock is owned by corporate insiders.

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About New Mountain Finance

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.

Insider Buying and Selling by Quarter for New Mountain Finance (NYSE:NMFC)

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