New Mountain Finance Corporation (NMFC) Releases Quarterly Earnings Results, Meets Expectations
New Mountain Finance Corporation (NYSE:NMFC) issued its quarterly earnings data on Tuesday. The investment management company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34, Bloomberg Earnings reports. New Mountain Finance Corporation had a net margin of 78.68% and a return on equity of 10.06%.
New Mountain Finance Corporation (NMFC) remained flat at $14.35 during mid-day trading on Wednesday. 117,775 shares of the company’s stock were exchanged. The company’s 50-day moving average is $14.41 and its 200-day moving average is $14.58. New Mountain Finance Corporation has a one year low of $13.05 and a one year high of $15.00.
In other news, CFO Shiraz Kajee acquired 2,000 shares of New Mountain Finance Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were purchased at an average cost of $14.63 per share, for a total transaction of $29,260.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at approximately $29,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Ogens acquired 3,600 shares of New Mountain Finance Corporation stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $14.37 per share, for a total transaction of $51,732.00. Following the completion of the purchase, the director now directly owns 49,654 shares of the company’s stock, valued at $713,527.98. The disclosure for this purchase can be found here. Company insiders own 9.73% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “New Mountain Finance Corporation (NMFC) Releases Quarterly Earnings Results, Meets Expectations” was first posted by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/09/new-mountain-finance-corporation-nmfc-releases-quarterly-earnings-results-meets-expectations.html.
NMFC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of New Mountain Finance Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of New Mountain Finance Corporation in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th.
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.
Receive News & Ratings for New Mountain Finance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Mountain Finance Corporation and related companies with MarketBeat.com's FREE daily email newsletter.