Wall Street brokerages expect that New Mountain Finance Corporation (NYSE:NMFC) will report $48.94 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for New Mountain Finance’s earnings, with the highest sales estimate coming in at $50.13 million and the lowest estimate coming in at $46.48 million. New Mountain Finance reported sales of $43.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 28th.
On average, analysts expect that New Mountain Finance will report full-year sales of $48.94 million for the current year, with estimates ranging from $184.00 million to $194.69 million. For the next fiscal year, analysts anticipate that the company will post sales of $207.82 million per share, with estimates ranging from $194.00 million to $215.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover New Mountain Finance.
New Mountain Finance (NYSE:NMFC) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). New Mountain Finance had a net margin of 61.81% and a return on equity of 10.14%. The company had revenue of $51.24 million during the quarter, compared to the consensus estimate of $48.70 million.
In other New Mountain Finance news, CFO Shiraz Kajee purchased 2,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were purchased at an average cost of $14.08 per share, for a total transaction of $28,160.00. Following the acquisition, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $56,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kurt Wolfgruber purchased 3,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $13.93 per share, for a total transaction of $41,790.00. Following the completion of the acquisition, the director now directly owns 42,905 shares in the company, valued at approximately $597,666.65. The disclosure for this purchase can be found here. Insiders have acquired a total of 26,100 shares of company stock worth $369,068 over the last 90 days. Company insiders own 9.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd boosted its holdings in shares of New Mountain Finance by 9.7% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 13,669 shares of the investment management company’s stock worth $199,000 after buying an additional 1,203 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of New Mountain Finance by 22.3% during the 2nd quarter. Stifel Financial Corp now owns 12,868 shares of the investment management company’s stock worth $186,000 after buying an additional 2,343 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in shares of New Mountain Finance by 48.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 13,461 shares of the investment management company’s stock worth $192,000 after buying an additional 4,404 shares in the last quarter. California Public Employees Retirement System raised its position in shares of New Mountain Finance by 10.4% during the fourth quarter. California Public Employees Retirement System now owns 49,900 shares of the investment management company’s stock worth $676,000 after purchasing an additional 4,700 shares during the period. Finally, Magnetar Financial LLC raised its position in shares of New Mountain Finance by 7.3% during the third quarter. Magnetar Financial LLC now owns 86,645 shares of the investment management company’s stock worth $1,235,000 after purchasing an additional 5,905 shares during the period. Hedge funds and other institutional investors own 39.26% of the company’s stock.
Shares of New Mountain Finance (NYSE NMFC) opened at $12.55 on Friday. New Mountain Finance has a twelve month low of $12.05 and a twelve month high of $15.00. The company has a market capitalization of $970.30, a P/E ratio of 8.31 and a beta of 0.56. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.80.
About New Mountain Finance
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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