Media headlines about New Mountain Finance (NYSE:NMFC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Mountain Finance earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 45.3805372992154 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
NMFC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods set a $15.00 price objective on shares of New Mountain Finance and gave the stock a “hold” rating in a report on Thursday, October 5th. ValuEngine raised shares of New Mountain Finance from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.
New Mountain Finance (NMFC) opened at $13.75 on Friday. The firm has a market cap of $1,034.74, a price-to-earnings ratio of 9.11 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. New Mountain Finance has a fifty-two week low of $13.55 and a fifty-two week high of $15.00.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 9.89%. The ex-dividend date was Thursday, December 14th. New Mountain Finance’s dividend payout ratio is currently 90.07%.
In other New Mountain Finance news, COO John Kline purchased 7,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of $14.15 per share, with a total value of $106,125.00. Following the acquisition, the chief operating officer now owns 42,684 shares of the company’s stock, valued at approximately $603,978.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Shiraz Kajee purchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $14.08 per share, with a total value of $28,160.00. Following the completion of the acquisition, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $56,320. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 26,100 shares of company stock valued at $369,068. 9.73% of the stock is owned by company insiders.
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New Mountain Finance Company Profile
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.
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