New Mountain Finance (NASDAQ:NMFC) Releases Quarterly Earnings Results

New Mountain Finance (NASDAQ:NMFC) announced its quarterly earnings data on Wednesday. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Briefing.com reports. The company had revenue of $95.33 million for the quarter, compared to analyst estimates of $94.10 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.26%. New Mountain Finance’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS.

New Mountain Finance Trading Down 2.9 %

Shares of NASDAQ:NMFC traded down $0.33 during mid-day trading on Friday, hitting $11.10. The stock had a trading volume of 901,188 shares, compared to its average volume of 402,587. New Mountain Finance has a 12-month low of $11.03 and a 12-month high of $13.23. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $1.20 billion, a PE ratio of 10.57 and a beta of 1.15. The company’s 50 day moving average is $11.88 and its 200-day moving average is $12.23.

New Mountain Finance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.89%. This is a positive change from New Mountain Finance’s previous quarterly dividend of $0.32. New Mountain Finance’s payout ratio is currently 121.90%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their target price on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday.

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.