New Mountain Finance (NASDAQ:NMFC – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36, Briefing.com reports. The company had revenue of $94.59 million during the quarter, compared to the consensus estimate of $90.25 million. New Mountain Finance had a return on equity of 11.80% and a net margin of 31.67%. During the same period last year, the business earned $0.39 EPS.
New Mountain Finance Stock Down 0.2 %
NMFC traded down $0.03 during midday trading on Thursday, hitting $12.37. 273,951 shares of the company’s stock traded hands, compared to its average volume of 406,477. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.33 billion, a PE ratio of 11.19 and a beta of 1.15. New Mountain Finance has a one year low of $12.12 and a one year high of $13.23. The stock’s fifty day simple moving average is $12.40 and its 200-day simple moving average is $12.57.
Insiders Place Their Bets
In related news, Director David Ogens bought 3,500 shares of the business’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $12.62 per share, for a total transaction of $44,170.00. Following the completion of the acquisition, the director now directly owns 166,391 shares in the company, valued at $2,099,854.42. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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.
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