Keefe, Bruyette & Woods Issues Pessimistic Forecast for New Mountain Finance (NASDAQ:NMFC) Stock Price

New Mountain Finance (NASDAQ:NMFC) had its price target reduced by analysts at Keefe, Bruyette & Woods from $9.00 to $8.00 in a report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 13.96% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Wall Street Zen raised New Mountain Finance from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Zacks Research raised shares of New Mountain Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of New Mountain Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $9.08.

New Mountain Finance Stock Up 0.3%

New Mountain Finance stock opened at $7.02 on Monday. New Mountain Finance has a fifty-two week low of $6.80 and a fifty-two week high of $10.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.02 and a current ratio of 2.02. The company has a market capitalization of $663.05 million, a P/E ratio of -12.10 and a beta of 0.55. The stock has a 50-day simple moving average of $7.52 and a 200-day simple moving average of $8.04.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Monday, May 4th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $41.27 million for the quarter, compared to the consensus estimate of $67.76 million. New Mountain Finance had a positive return on equity of 11.14% and a negative net margin of 18.65%.The firm’s quarterly revenue was down 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Equities research analysts expect that New Mountain Finance will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On New Mountain Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its stake in shares of New Mountain Finance by 3.7% during the 3rd quarter. Mackenzie Financial Corp now owns 31,306 shares of the company’s stock worth $302,000 after buying an additional 1,126 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in New Mountain Finance by 2.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 95,805 shares of the company’s stock valued at $1,013,000 after acquiring an additional 2,634 shares during the last quarter. Advyzon Investment Management LLC increased its holdings in New Mountain Finance by 25.3% during the 4th quarter. Advyzon Investment Management LLC now owns 16,080 shares of the company’s stock valued at $148,000 after acquiring an additional 3,246 shares in the last quarter. Next Capital Management LLC increased its holdings in New Mountain Finance by 13.5% during the 4th quarter. Next Capital Management LLC now owns 29,680 shares of the company’s stock valued at $273,000 after acquiring an additional 3,530 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in New Mountain Finance by 8.5% during the 4th quarter. Inspire Investing LLC now owns 50,906 shares of the company’s stock valued at $469,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Company Profile

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.