New Mountain Finance (NASDAQ:NMFC) Announces Earnings Results

New Mountain Finance (NASDAQ:NMFC) issued its earnings results on Wednesday. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01), Briefing.com reports. The company had revenue of $95.33 million for the quarter, compared to analysts’ expectations of $94.10 million. New Mountain Finance had a return on equity of 11.60% and a net margin of 31.65%. New Mountain Finance’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share.

New Mountain Finance Price Performance

NMFC stock traded up $0.18 during midday trading on Thursday, hitting $11.51. 1,067,591 shares of the stock were exchanged, compared to its average volume of 399,129. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.47 and a beta of 1.14. New Mountain Finance has a fifty-two week low of $11.13 and a fifty-two week high of $13.23. The stock’s 50-day moving average price is $11.92 and its 200-day moving average price is $12.24.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday.

New Mountain Finance Company Profile

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.