New Mountain Finance Corp (NASDAQ: NMFC) has a price-to-earnings ratio of 10.76x that is above its average ratio. Additionally, the 36-month beta value for NMFC is 1.20. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for NMFC is 95.52M and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of NMFC on December 20, 2024 was 532.00K shares.
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NMFC) stock’s latest price update
New Mountain Finance Corp (NASDAQ: NMFC)’s stock price has increased by 2.01 compared to its previous closing price of 11.18. However, the company has seen a -3.18% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-13 that We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.
NMFC’s Market Performance
New Mountain Finance Corp (NMFC) has experienced a -3.18% fall in stock performance for the past week, with a -0.91% drop in the past month, and a -4.72% drop in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 1.42% for NMFC. The simple moving average for the past 20 days is -2.46% for NMFC’s stock, with a -5.86% simple moving average for the past 200 days.
Analysts’ Opinion of NMFC
Many brokerage firms have already submitted their reports for NMFC stocks, with Wells Fargo repeating the rating for NMFC by listing it as a “Equal Weight.” The predicted price for NMFC in the upcoming period, according to Wells Fargo is $11 based on the research report published on April 18, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see NMFC reach a price target of $11.50. The rating they have provided for NMFC stocks is “Neutral” according to the report published on October 14th, 2022.
NMFC Trading at -1.07% from the 50-Day Moving Average
After a stumble in the market that brought NMFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.31% of loss for the given period.
Volatility was left at 1.42%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -1.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.95% lower at present.
During the last 5 trading sessions, NMFC fell by -3.77%, which changed the moving average for the period of 200-days by -11.09% in comparison to the 20-day moving average, which settled at $11.70. In addition, New Mountain Finance Corp saw -9.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NMFC starting from KLINSKY STEVEN B, who purchase 72,280 shares at the price of $11.28 back on Dec 17 ’24. After this action, KLINSKY STEVEN B now owns 4,285,505 shares of New Mountain Finance Corp, valued at $815,622 using the latest closing price.
KLINSKY STEVEN B, the Director of New Mountain Finance Corp, purchase 91,451 shares at $11.74 during a trade that took place back on Dec 16 ’24, which means that KLINSKY STEVEN B is holding 4,237,318 shares at $1,073,397 based on the most recent closing price.
Stock Fundamentals for NMFC
Current profitability levels for the company are sitting at:
- 0.86 for the present operating margin
- 0.72 for the gross margin
The net margin for New Mountain Finance Corp stands at 0.39. The total capital return value is set at 0.07.
When we switch over and look at the enterprise to sales, we see a ratio of 5.96. The receivables turnover for the company is 6.29for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, New Mountain Finance Corp (NMFC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
