Somewhat Positive Press Coverage Somewhat Unlikely to Affect New Mountain Finance (NYSE:NMFC) Share Price
Press coverage about New Mountain Finance (NYSE:NMFC) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Mountain Finance earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.8036102219268 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts have recently commented on NMFC shares. ValuEngine upgraded shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, TheStreet upgraded shares of New Mountain Finance from a “c+” rating to a “b” rating in a research report on Friday, August 10th.
NYSE NMFC traded down $0.05 during trading on Friday, reaching $13.55. 264,363 shares of the stock traded hands, compared to its average volume of 220,924. The stock has a market cap of $1.04 billion, a P/E ratio of 10.50 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.95 and a current ratio of 0.95. New Mountain Finance has a fifty-two week low of $12.05 and a fifty-two week high of $14.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date of this dividend is Thursday, September 13th. New Mountain Finance’s payout ratio is currently 105.43%.
In other New Mountain Finance news, CAO Adam Weinstein acquired 12,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were acquired at an average price of $13.74 per share, with a total value of $164,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,113 shares in the company, valued at approximately $1,265,632.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Stone acquired 4,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average cost of $13.73 per share, for a total transaction of $54,920.00. Following the transaction, the insider now owns 93,351 shares of the company’s stock, valued at $1,281,709.23. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 48,250 shares of company stock worth $662,833. Insiders own 10.27% of the company’s stock.
New Mountain Finance 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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