Analysts expect New Mountain Finance Corporation (NYSE:NMFC) to post sales of $48.94 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for New Mountain Finance’s earnings, with the lowest sales estimate coming in at $46.48 million and the highest estimate coming in at $50.13 million. New Mountain Finance reported sales of $43.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, February 28th.

On average, analysts expect that New Mountain Finance will report full-year sales of $48.94 million for the current financial year, with estimates ranging from $184.00 million to $194.69 million. For the next fiscal year, analysts expect that the business will report sales of $207.82 million per share, with estimates ranging from $194.00 million to $215.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for New Mountain Finance.

Separately, ValuEngine upgraded New Mountain Finance from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th.

Shares of New Mountain Finance (NYSE NMFC) traded up $0.10 during mid-day trading on Friday, hitting $12.85. The company had a trading volume of 305,700 shares, compared to its average volume of 398,957. 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 twelve month low of $12.05 and a twelve month high of $15.00. The company has a market cap of $951.35, a P/E ratio of 8.51 and a beta of 0.56.

In other news, Director Kurt Wolfgruber bought 3,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was purchased at an average cost of $13.93 per share, for a total transaction of $41,790.00. Following the completion of the transaction, the director now owns 42,905 shares of the company’s stock, valued at $597,666.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Stone bought 12,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $14.19 per share, with a total value of $170,280.00. Following the completion of the transaction, the insider now directly owns 87,438 shares of the company’s stock, valued at approximately $1,240,745.22. The disclosure for this purchase can be found here. Insiders acquired 26,100 shares of company stock valued at $369,068 over the last quarter. Corporate insiders own 9.73% of the company’s stock.

Several hedge funds have recently modified their holdings of NMFC. IFP Advisors Inc increased its stake in shares of New Mountain Finance by 222.3% in the fourth quarter. IFP Advisors Inc now owns 10,315 shares of the investment management company’s stock valued at $140,000 after buying an additional 7,115 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of New Mountain Finance in the fourth quarter valued at about $146,000. Cetera Investment Advisers acquired a new stake in shares of New Mountain Finance in the second quarter valued at about $153,000. Alliancebernstein L.P. acquired a new stake in shares of New Mountain Finance in the second quarter valued at about $160,000. Finally, OxFORD Asset Management LLP acquired a new stake in shares of New Mountain Finance in the third quarter valued at about $161,000. 40.28% of the stock is owned by institutional investors.

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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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