New Mountain Finance Corporation (NASDAQ: NMFC) is -3.08% lower on its value in year-to-date trading and has touched a low of $11.16 and a high of $13.06 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 $12.80 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $12.29, the stock is -3.37% and -3.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -3.98% at the moment leaves the stock -2.10% off its SMA200. NMFC registered 4.77% gain for a year compared to 6-month loss of -2.79%. The firm has a 50-day simple moving average (SMA 50) of $18.60.
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The stock witnessed a -2.77% gain in the last 1 month and extending the period to 3 months gives it a -3.32%, and is -3.38% down 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 1.56% over the week and 1.27% over the month.
Current P/E ratio is 9.91 and Fwd P/E is 8.42. Distance from 52-week low is 10.11% and -5.89% from its 52-week high.
New Mountain Finance Corporation quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $90.08M over the same period.The EPS is expected to shrink by -5.70% this year, but quarterly earnings will post -5.00% year-over-year. Quarterly sales are estimated to shrink -2.00% in year-over-year returns.
203 institutions hold shares in New Mountain Finance Corporation (NMFC), with institutional investors hold 45.06% of the company’s shares. The shares outstanding are 102.88M, and float is at 91.88M with Short Float at 2.43%. Institutions hold 40.29% of the Float.
The top institutional shareholder in the company is Cerity Partners LLC with over 3.75 million shares valued at $46.66 million. The investor’s holdings represent 3.72% of the NMFC Shares outstanding. As of Jun 29, 2023, the second largest holder is Allspring Global Investments Holdings, LLC with 3.07 million shares valued at $38.23 million to account for 3.04% of the shares outstanding. The other top investors are HighTower Advisors, LLC which holds 2.74 million shares representing 2.71% and valued at over $34.03 million, while Lsv Asset Management holds 2.65% of the shares totaling 2.67 million with a market value of $33.26 million.
New Mountain Finance Corporation (NMFC) Insider Activity
The most recent transaction is an insider sale by HAMWEE ROBERT, the company’s Director. SEC filings show that HAMWEE ROBERT sold 15 shares of the company’s common stock on Jul 27 ’23 at a price of $12.86 per share for a total of $193.0. Following the sale, the insider now owns 0.55 million shares.
New Mountain Finance Corporation disclosed in a document filed with the SEC on May 11 ’23 that Boswerger Laura Holson (COO and CFO) bought a total of 14,975 shares of the company’s common stock. The trade occurred on May 11 ’23 and was made at $11.89 per share for $0.18 million. Following the transaction, the insider now directly holds 49398.0 shares of the NMFC stock.
Still, SEC filings show that on Mar 17 ’23, KLINSKY STEVEN B (Director) acquired 100,000 shares at an average price of $11.74 for $1.17 million. The insider now directly holds 7,820,681 shares of New Mountain Finance Corporation (NMFC).
