New Mountain Finance Corp (NASDAQ: NMFC) is -2.31% lower on its value in year-to-date trading and has touched a low of $10.61 and a high of $13.01 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 $11.03 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $11.00, the stock is -3.07% and -3.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing -0.27% at the moment leaves the stock -8.69% off its SMA200. NMFC registered -14.05% loss for a year compared to 6-month loss of -10.49%. The firm has a 50-day simple moving average (SMA 50) of $11.4434 and a 200-day simple moving average (SMA200) of $12.0745.
The stock witnessed a -6.70% gain in the last 1 month and extending the period to 3 months gives it a -6.06%, and is -2.31% 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 1.37% over the week and 1.53% over the month.
Current P/E ratio is 10.38 and Fwd P/E is 8.46. Distance from 52-week low is 3.72% and -15.42% from its 52-week high.
The EPS is expected to shrink by -10.80% this year
198.0 institutions hold shares in New Mountain Finance Corp (NMFC), with institutional investors hold 41.22% of the company’s shares. The shares outstanding are 107.85M, and float is at 95.62M with Short Float at 1.59%. Institutions hold 36.55% of the Float.
The top institutional shareholder in the company is CERITY PARTNERS LLC with over 3.72 million shares valued at $45.58 million. The investor’s holdings represent 3.5921 of the NMFC Shares outstanding. As of 2024-06-30, the second largest holder is HIGHTOWER ADVISORS, LLC with 3.14 million shares valued at $38.43 million to account for 3.0283 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 3.06 million shares representing 2.9556 and valued at over $37.5 million, while LSV ASSET MANAGEMENT holds 2.4585 of the shares totaling 2.55 million with a market value of $31.19 million.
New Mountain Finance Corp (NMFC) Insider Activity
The most recent transaction is an insider purchase by KLINSKY STEVEN B, the company’s Director. SEC filings show that KLINSKY STEVEN B bought 72,280 shares of the company’s common stock on Dec 17 ’24 at a price of $11.28 per share for a total of $0.82 million. Following the purchase, the insider now owns 4.29 million shares.
New Mountain Finance Corp disclosed in a document filed with the SEC on Dec 16 ’24 that KLINSKY STEVEN B (Director) bought a total of 91,451 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $11.74 per share for $1.07 million. Following the transaction, the insider now directly holds 4.24 million shares of the NMFC stock.
Still, SEC filings show that on Dec 13 ’24, KLINSKY STEVEN B (Director) acquired 9,051 shares at an average price of $11.74 for $0.11 million. The insider now directly holds 4,176,351 shares of New Mountain Finance Corp (NMFC).
