Analysts forecast that New Mountain Finance Corporation (NYSE:NMFC) will report earnings per share of $0.34 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for New Mountain Finance Corporation’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. New Mountain Finance Corporation also posted earnings of $0.34 per share in the same quarter last year. The firm is scheduled to report its next earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that New Mountain Finance Corporation will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.38. For the next financial year, analysts expect that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.35 to $1.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover New Mountain Finance Corporation.

New Mountain Finance Corporation (NYSE:NMFC) last issued its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $50.02 million during the quarter, compared to analyst estimates of $47.66 million.

A number of analysts have commented on the stock. Zacks Investment Research raised 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 report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub cut shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

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Shares of New Mountain Finance Corporation (NYSE NMFC) opened at 14.25 on Tuesday. New Mountain Finance Corporation has a 52 week low of $13.05 and a 52 week high of $15.00. The stock’s 50 day moving average is $14.08 and its 200 day moving average is $14.39.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.36 dividend on an annualized basis and a yield of 9.54%. New Mountain Finance Corporation’s dividend payout ratio is currently 86.62%.

A number of hedge funds have recently made changes to their positions in NMFC. Muzinich & Co. Inc. boosted its position in shares of New Mountain Finance Corporation by 14.5% in the second quarter. Muzinich & Co. Inc. now owns 3,656,026 shares of the investment management company’s stock worth $53,195,000 after purchasing an additional 462,290 shares during the period. Ares Management LLC boosted its position in shares of New Mountain Finance Corporation by 75.6% in the second quarter. Ares Management LLC now owns 734,130 shares of the investment management company’s stock worth $10,681,000 after purchasing an additional 316,011 shares during the period. Round Table Services LLC boosted its position in shares of New Mountain Finance Corporation by 22.7% in the second quarter. Round Table Services LLC now owns 1,300,398 shares of the investment management company’s stock worth $18,921,000 after purchasing an additional 240,229 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of New Mountain Finance Corporation by 30.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 455,768 shares of the investment management company’s stock worth $6,631,000 after purchasing an additional 106,363 shares during the period. Finally, LSV Asset Management boosted its position in shares of New Mountain Finance Corporation by 6.5% in the second quarter. LSV Asset Management now owns 1,706,726 shares of the investment management company’s stock worth $24,832,000 after purchasing an additional 104,300 shares during the period. 40.71% of the stock is owned by institutional investors and hedge funds.

About New Mountain Finance Corporation

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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