New Mountain Finance (NMFC) to Release Quarterly Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) will post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect New Mountain Finance to post earnings of $0.36 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The business had revenue of $90.56 million for the quarter, compared to analysts’ expectations of $90.08 million. New Mountain Finance had a net margin of 31.67% and a return on equity of 11.80%. During the same period in the previous year, the company earned $0.38 EPS. New Mountain Finance’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect New Mountain Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

New Mountain Finance Trading Down 0.2 %

Shares of NMFC opened at $12.42 on Tuesday. New Mountain Finance has a twelve month low of $12.12 and a twelve month high of $13.23. The company has a market cap of $1.34 billion, a P/E ratio of 11.19 and a beta of 1.15. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The company’s fifty day simple moving average is $12.40 and its 200-day simple moving average is $12.58.

Insider Activity

In other news, Director David Ogens bought 3,500 shares of New Mountain Finance stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $12.62 per share, with a total value of $44,170.00. Following the completion of the purchase, the director now owns 166,391 shares in the company, valued at approximately $2,099,854.42. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 10.22% of the company’s stock.

About New Mountain Finance

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.