New Mountain Finance Corporation (NYSE:NMFC) has been given a $15.00 price target by equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 4.90% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of New Mountain Finance Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, July 12th.

Shares of New Mountain Finance Corporation (NYSE NMFC) traded down 0.175% during mid-day trading on Thursday, reaching $14.275. The company had a trading volume of 42,818 shares. New Mountain Finance Corporation has a 52-week low of $13.05 and a 52-week high of $15.00. The company’s 50-day moving average price is $14.04 and its 200-day moving average price is $14.43.

New Mountain Finance Corporation (NYSE:NMFC) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. The business had revenue of $50.02 million during the quarter, compared to analysts’ expectations of $47.66 million. On average, analysts predict that New Mountain Finance Corporation will post $1.36 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in NMFC. LSV Asset Management lifted its stake in New Mountain Finance Corporation by 214.9% during the first quarter. LSV Asset Management now owns 1,602,426 shares of the investment management company’s stock worth $23,876,000 after purchasing an additional 1,093,590 shares during the period. Muzinich & Co. Inc. lifted its stake in New Mountain Finance Corporation by 51.9% during the first quarter. Muzinich & Co. Inc. now owns 3,193,736 shares of the investment management company’s stock worth $47,587,000 after purchasing an additional 1,091,245 shares during the period. State of New Jersey Common Pension Fund D bought a new position in New Mountain Finance Corporation during the third quarter worth about $13,760,000. Ares Management LLC lifted its stake in New Mountain Finance Corporation by 143.5% during the third quarter. Ares Management LLC now owns 793,176 shares of the investment management company’s stock worth $10,914,000 after purchasing an additional 467,376 shares during the period. Finally, Aviva PLC lifted its stake in New Mountain Finance Corporation by 27.8% during the first quarter. Aviva PLC now owns 1,996,732 shares of the investment management company’s stock worth $25,238,000 after purchasing an additional 434,000 shares during the period. Hedge funds and other institutional investors own 40.71% of the company’s stock.

New Mountain Finance Corporation Company Profile

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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