New Mountain Finance (NASDAQ:NMFC – Get Free Report) will announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
New Mountain Finance (NASDAQ:NMFC – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $95.49 million during the quarter, compared to analysts’ expectations of $93.58 million. New Mountain Finance had a return on equity of 10.95% and a net margin of 30.01%. On average, analysts expect New Mountain Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
New Mountain Finance Trading Down 0.9 %
NMFC opened at $12.32 on Thursday. The stock has a market cap of $1.24 billion, a PE ratio of 13.11 and a beta of 1.12. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average of $12.75 and a 200-day moving average of $12.46. New Mountain Finance has a 52 week low of $11.27 and a 52 week high of $13.20.
Analyst Ratings Changes
Get Our Latest Analysis on New Mountain Finance
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its holdings in shares of New Mountain Finance by 31,442.2% in the 4th quarter. Cerity Partners LLC now owns 3,738,068 shares of the company’s stock worth $46,240,000 after purchasing an additional 3,726,217 shares in the last quarter. Millennium Management LLC increased its holdings in shares of New Mountain Finance by 837.8% in the 4th quarter. Millennium Management LLC now owns 977,695 shares of the company’s stock worth $12,094,000 after purchasing an additional 873,440 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of New Mountain Finance by 84.9% in the 1st quarter. Two Sigma Investments LP now owns 403,512 shares of the company’s stock worth $4,911,000 after purchasing an additional 185,226 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of New Mountain Finance in the 2nd quarter worth $2,184,000. Finally, BlackRock Inc. increased its holdings in shares of New Mountain Finance by 22.3% in the 3rd quarter. BlackRock Inc. now owns 748,217 shares of the company’s stock worth $8,627,000 after purchasing an additional 136,616 shares in the last quarter. Hedge funds and other institutional investors own 32.83% 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.
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