New Mountain Finance (NMFC) Projected to Post Quarterly Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) is expected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $93.23 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

New Mountain Finance Price Performance

New Mountain Finance stock opened at $11.98 on Monday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.41 and a beta of 1.15. New Mountain Finance has a 12 month low of $10.61 and a 12 month high of $13.01. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average is $11.43 and its 200-day moving average is $11.68.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

Insider Transactions at New Mountain Finance

In other news, Director Steven B. Klinsky purchased 72,280 shares of New Mountain Finance stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $11.28 per share, with a total value of $815,318.40. Following the completion of the transaction, the director now directly owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. The trade was a 1.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 97,504 shares of company stock worth $1,111,510. Company insiders own 10.22% of the company’s stock.

About New Mountain Finance

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.