New Mountain Finance (NMFC) Expected to Announce Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $93.23 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

New Mountain Finance Stock Performance

Shares of NMFC stock opened at $11.86 on Wednesday. New Mountain Finance has a 12 month low of $10.61 and a 12 month high of $13.01. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The company has a market cap of $1.28 billion, a P/E ratio of 11.30 and a beta of 1.15. The firm has a fifty day moving average price of $11.42 and a 200 day moving average price of $11.68.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their price target on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

Insider Activity at New Mountain Finance

In other news, Director Steven B. Klinsky bought 6,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $11.75 per share, with a total value of $72,850.00. Following the transaction, the director now directly owns 4,122,655 shares in the company, valued at $48,441,196.25. This trade represents a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased 97,504 shares of company stock valued at $1,111,510 in the last ninety days. Insiders own 10.22% of the company’s stock.

About New Mountain Finance

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.