Today’s Stock On Watch: Will New Mountain Finance Corp. Run Out of Steam Soon?

Today's Stock On Watch: Will New Mountain Finance Corp. Run Out of Steam Soon?

The stock of New Mountain Finance Corp. (NYSE:NMFC) hit a new 52-week high and has $15.00 target or 6.00% above today’s $14.15 share price. The 8 months bullish chart indicates low risk for the $992.04M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $15.00 price target is reached, the company will be worth $59.52M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.35% or $0.05 on December 1, hitting $14.15. About 288,551 shares traded hands. New Mountain Finance Corp. (NYSE:NMFC) has risen 14.24% since April 28, 2016 and is uptrending. It has outperformed by 8.31% the S&P500.

Analysts await New Mountain Finance Corp. (NYSE:NMFC) to report earnings on March, 6. They expect $0.34 EPS, down 2.86% or $0.01 from last year’s $0.35 per share. NMFC’s profit will be $23.84M for 10.40 P/E if the $0.34 EPS becomes a reality. After $0.34 actual EPS reported by New Mountain Finance Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

New Mountain Finance Corp. (NYSE:NMFC) Ratings Coverage

Out of 3 analysts covering New Mountain Finance (NYSE:NMFC), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. New Mountain Finance has been the topic of 4 analyst reports since January 20, 2016 according to StockzIntelligence Inc. Robert W. Baird upgraded it to “Outperform” rating and $13 target price in Wednesday, January 20 report. The firm has “Market Perform” rating given on Monday, March 7 by Wood. The rating was reinitiated by Janney Capital on Wednesday, April 27 with “Neutral”. Robert W. Baird downgraded New Mountain Finance Corp. (NYSE:NMFC) rating on Thursday, July 14. Robert W. Baird has “Neutral” rating and $13 price target.

Insitutional Activity: The institutional sentiment increased to 0.87 in 2016 Q2. Its up 0.02, from 0.85 in 2016Q1. The ratio increased, as 7 funds sold all New Mountain Finance Corp. shares owned while 40 reduced positions. 9 funds bought stakes while 31 increased positions. They now own 23.09 million shares or 2.26% more from 22.58 million shares in 2016Q1.
Mckinley Capital Mngmt Limited Liability Com Delaware has 0.13% invested in the company for 204,209 shares. Ladenburg Thalmann Svcs accumulated 24,489 shares or 0.01% of the stock. Confluence Invest Mngmt Ltd has 0.29% invested in the company for 824,266 shares. Palisade Mngmt Ltd Liability Nj reported 625,108 shares or 0.29% of all its holdings. Ameriprise Finance, a Minnesota-based fund reported 36,736 shares. The New York-based Para Advsrs has invested 5.69% in New Mountain Finance Corp. (NYSE:NMFC). Brown Advisory Inc owns 120,000 shares or 0.01% of their US portfolio. Bank & Trust Of Ny Mellon Corporation holds 0% or 42,644 shares in its portfolio. Kempner Capital Management accumulated 12,400 shares or 0.1% of the stock. Tcw Group Inc last reported 48,400 shares in the company. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Yakira Cap accumulated 38,224 shares or 0.19% of the stock. Comerica National Bank has 0.01% invested in the company for 58,428 shares. Stifel Corporation, a Missouri-based fund reported 36,611 shares. Goldman Sachs Group last reported 0% of its portfolio in the stock.

Another recent and important New Mountain Finance Corp. (NYSE:NMFC) news was published by Businesswire.com which published an article titled: “New Mountain Finance Corporation Announces Offering of Additional 5.00 …” on September 26, 2016.

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The company has a market cap of $992.04 million. 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. It has a 18.11 P/E ratio. The Company’s investments may also include equity interests, such as preferred stock, common stock, warrants or options received in connection with its debt investments, or may include a direct investment in the equity of private companies.

NMFC Company Profile

New Mountain Finance Corporation, incorporated on June 29, 2010, 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. The Company’s investments may also include equity interests, such as preferred stock, common stock, warrants or options received in connection with its debt investments, or may include a direct investment in the equity of private companies. It makes investments through both primary originations and open-market secondary purchases.

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