162 institutions hold shares in New Mountain Finance Corporation (NMFC), with 9.84M shares held by insiders accounting for 10.17% while institutional investors hold 39.58% of the company’s shares. Institutions hold 35.56% of the Float.
The top institutional shareholder in the company is Wells Fargo & Company with over 3.51 million shares valued at $39.87 million. The investor’s holdings represent 3.62% of the NMFC Shares outstanding. As of Dec 30, 2020, the second largest holder is Round Table Services, LLC with 2.51 million shares valued at $28.54 million to account for 2.59% of the shares outstanding. The other top investors are Dimension Capital Management, LLC which holds 2.16 million shares representing 2.23% and valued at over $24.5 million, while Lsv Asset Management holds 2.22% of the shares totaling 2.15 million with a market value of $24.4 million.
New Mountain Finance Corporation (NASDAQ: NMFC) is 16.11% higher on its value in year-to-date trading and has touched a low of $6.96 and a high of $13.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NMFC stock was last observed hovering at around $13.16 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $13.00 for the next 12 months. It is also 7.44% off the consensus price target high of $14.25 offered by 5 analysts, but current levels are -5.52% lower than the price target low of $12.50 for the same period.
Currently trading at $13.19, the stock is 2.05% and 3.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 0.23% at the moment leaves the stock 18.70% off its SMA200. NMFC registered 70.85% gain for a year compared to 6-month gain of 39.58%. The firm has a 50-day simple moving average (SMA 50) of $12.84 and a 200-day simple moving average (SMA200) of $11.74.
The stock witnessed a 4.68% loss in the last 1 month and extending the period to 3 months gives it a 13.90%, and is 1.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.92% over the week and 1.23% over the month.
Current P/E ratio is 21.98 and Fwd P/E is 10.81. Distance from 52-week low is 89.51% and -1.86% from its 52-week high.
New Mountain Finance Corporation (NMFC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for New Mountain Finance Corporation (NMFC) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
New Mountain Finance Corporation is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.3 with sales reaching $67.11M over the same period.The EPS is expected to grow by 14.20% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -9.40% in year-over-year returns.
New Mountain Finance Corporation (NMFC) Insider Activity
A total of 2 insider transactions have happened at New Mountain Finance Corporation (NMFC) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by Handy Alice, the company’s Director. SEC filings show that Handy Alice bought 1,000 shares of the company’s common stock on Mar 08 at a price of $12.67 per share for a total of $12670.0. Following the purchase, the insider now owns 2000.0 shares.
New Mountain Finance Corporation disclosed in a document filed with the SEC on Dec 15 that Ogens David (Director) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $11.48 per share for $28690.0. Following the transaction, the insider now directly holds 98904.0 shares of the NMFC stock.
Still, SEC filings show that on Sep 04, Weinstein Adam (EVP, CAO and Director) acquired 31,700 shares at an average price of $9.89 for $0.31 million. The insider now directly holds 286,641 shares of New Mountain Finance Corporation (NMFC).