New Mountain Finance (NMFC) Receiving Somewhat Positive News Coverage, Study Finds

Press coverage about New Mountain Finance (NYSE:NMFC) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Mountain Finance earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 45.9879418764724 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of New Mountain Finance (NMFC) opened at $14.15 on Friday. New Mountain Finance has a 1-year low of $13.40 and a 1-year high of $15.00. The stock has a market capitalization of $1,076.43, a P/E ratio of 10.52 and a beta of 0.59. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.61%. The ex-dividend date is Thursday, December 14th. New Mountain Finance’s dividend payout ratio is presently 90.07%.

A number of equities research analysts have recently issued reports on NMFC shares. BidaskClub cut New Mountain Finance from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of New Mountain Finance in a report on Thursday, August 31st. ValuEngine upgraded New Mountain Finance from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research cut New Mountain Finance from a “buy” rating to a “hold” rating in a report on Saturday, August 12th.

In related news, CFO Shiraz Kajee purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average cost of $14.08 per share, for a total transaction of $28,160.00. Following the completion of the purchase, the chief financial officer now owns 4,000 shares in the company, valued at approximately $56,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 2,700 shares of company stock valued at $38,093. 9.73% of the stock is currently owned by corporate insiders.

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About New Mountain Finance

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.

Insider Buying and Selling by Quarter for New Mountain Finance (NYSE:NMFC)

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