Home  »  Industry   »  New Mountain Finance Corporation (NMFC) – Th...

New Mountain Finance Corporation (NMFC) – The 4.22% Upside Potential Remains

New Mountain Finance Corporation (NASDAQ: NMFC) is -5.62% lower on its value in year-to-date trading and has touched a low of $11.09 and a high of $14.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NMFC stock was last observed hovering at around $12.81 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $13.50 for the next 12 months. It is also 9.26% off the consensus price target high of $14.25 offered by 6 analysts, but current levels are -3.44% lower than the price target low of $12.50 for the same period.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


Currently trading at $12.93, the stock is 4.57% and 4.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.94% at the moment leaves the stock -2.56% off its SMA200. NMFC registered -3.65% loss for a year compared to 6-month loss of -1.22%. The firm has a 50-day simple moving average (SMA 50) of $13.96.

The stock witnessed a 9.39% gain in the last 1 month and extending the period to 3 months gives it a -4.65%, and is 3.52% 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 1.59% over the week and 1.71% over the month.

Current P/E ratio is 6.22 and Fwd P/E is 10.69. Distance from 52-week low is 16.59% and -8.36% 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”. 6 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 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 11/09/2022.The EPS is expected to grow by 18.40% this year.

New Mountain Finance Corporation (NMFC) Top Institutional Holders

New Mountain Finance Corporation (NMFC) Insider Activity

A total of 45 insider transactions have happened at New Mountain Finance Corporation (NMFC) in the last six months, with sales accounting for 0 and purchases happening 45 times. The most recent transaction is an insider purchase by HAMWEE ROBERT,the company’sCEO and Director. SEC filings show that HAMWEE ROBERT bought 20,000 shares of the company’s common stock on Jun 15 at a price of $11.63 per share for a total of $0.23 million. Following the purchase, the insider now owns 0.51 million shares.

New Mountain Finance Corporation disclosed in a document filed with the SEC on Jun 13 that Boswerger Laura Holson (Chief Operating Officer) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Jun 13 and was made at $12.23 per share for $48920.0. Following the transaction, the insider now directly holds 31124.0 shares of the NMFC stock.

Still, SEC filings show that on May 24, Boswerger Laura Holson (Chief Operating Officer) acquired 4,000 shares at an average price of $12.31 for $49240.0. The insider now directly holds 27,124 shares of New Mountain Finance Corporation (NMFC).

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.