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

New Mountain Finance (NASDAQ:NMFC) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect New Mountain Finance to post earnings of $0.33 per share and revenue of $93.23 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

New Mountain Finance Trading Down 0.6 %

Shares of New Mountain Finance stock opened at $11.86 on Wednesday. New Mountain Finance has a fifty-two week low of $10.61 and a fifty-two week high of $13.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.30 and a beta of 1.15. The stock has a 50 day moving average of $11.42 and a 200 day moving average of $11.68.

Insider Activity at New Mountain Finance

In other New Mountain Finance news, Director Steven B. Klinsky acquired 72,280 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the acquisition, the director now owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. This trade represents a 1.72 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have bought 97,504 shares of company stock worth $1,111,510. 10.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.