Brokerages Set New Mountain Finance Corporation (NASDAQ:NMFC) Target Price at $9.25

New Mountain Finance Corporation (NASDAQ:NMFC) has been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.25.

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Sunday, April 5th. Keefe, Bruyette & Woods dropped their price target on shares of New Mountain Finance from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 4th. B. Riley Financial dropped their target price on shares of New Mountain Finance from $10.00 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research upgraded shares of New Mountain Finance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of New Mountain Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th.

Institutional Trading of New Mountain Finance

Several institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in shares of New Mountain Finance by 3.7% in the third quarter. Mackenzie Financial Corp now owns 31,306 shares of the company’s stock worth $302,000 after buying an additional 1,126 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of New Mountain Finance by 2.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 95,805 shares of the company’s stock worth $1,013,000 after buying an additional 2,634 shares in the last quarter. Advyzon Investment Management LLC lifted its stake in shares of New Mountain Finance by 25.3% in the fourth quarter. Advyzon Investment Management LLC now owns 16,080 shares of the company’s stock worth $148,000 after buying an additional 3,246 shares in the last quarter. Next Capital Management LLC lifted its stake in shares of New Mountain Finance by 13.5% in the fourth quarter. Next Capital Management LLC now owns 29,680 shares of the company’s stock worth $273,000 after buying an additional 3,530 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of New Mountain Finance by 8.5% in the fourth quarter. Inspire Investing LLC now owns 50,906 shares of the company’s stock worth $469,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Stock Down 3.0%

NMFC stock opened at $7.55 on Wednesday. The firm has a market cap of $713.10 million, a PE ratio of -13.02 and a beta of 0.54. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.02 and a current ratio of 2.02. The firm’s fifty day moving average is $8.10 and its 200 day moving average is $8.45. New Mountain Finance has a one year low of $7.47 and a one year high of $10.90.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Monday, May 4th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $41.27 million for the quarter, compared to analyst estimates of $67.76 million. New Mountain Finance had a negative net margin of 18.65% and a positive return on equity of 11.14%. The firm’s revenue was down 19.7% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. On average, research analysts forecast that New Mountain Finance will post 1.11 EPS for the current year.

New Mountain Finance Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.25 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 13.2%. New Mountain Finance’s dividend payout ratio (DPR) is -220.69%.

About New Mountain Finance

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.