New Mountain Finance Corporation (NMFC) concluded trading on 01/19/23 at a closing price of $12.71, with 0.14 million shares of worth about $1.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.68% during that period and on Thursday the price saw a loss of about -0.70%. Currently the company’s common shares owned by public are about 100.94M shares, out of which, 90.78M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the NMFC stock and their offered price forecasts bring an average price target of $12.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $14.00 and could fall to a lowest price of $12.50. The stock’s current price level is 1.17% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.68% for the stock. However, touching the estimated high of $14.00 would mean a gain of 9.21% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 225,664 shares in 55 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Allspring Special Small Cap Value, VanEck Vectors – BDC Income ETF, and iShares II Plc – Listed Private E are the top 3 mutual funds which are holding stakes in New Mountain Finance Corporation Allspring Special Small Cap Value is currently holding 2.52 million shares of worth totaling $31.12 million. The company recently came buying 0.0 shares which brought its stake up to 2.50% of the company’s outstanding shares. VanEck Vectors – BDC Income ETF bought 2553.0 shares, after which its hold over company’s outstanding shares expand to 1.24%, leaving 1.25 million shares with the mutual fund that have a worth of about $15.42 million. iShares II Plc – Listed Private E, after buying 0.76 million shares, have now control over 0.75% of the stake in the company. It holds 0.0 shares of worth $9.38 million.
New Mountain Finance Corporation (NASDAQ: NMFC) started trading at $12.79, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 12.84, or with a loss of -0.70%. Stock saw a price change of -0.78% in past 5 days and over the past one month there was a price change of 6.01%. Year-to-date (YTD), NMFC shares are showing a performance of 2.75% which decreased to -4.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.09 but also hit the highest price of $14.09 during that period. The average intraday trading volume for New Mountain Finance Corporation shares is 359.12K. The stock is currently trading 1.84% above its 20-day simple moving average (SMA20), while that difference is up 1.31% for SMA50 and it goes to 0.43% higher than SMA200.
New Mountain Finance Corporation (NASDAQ: NMFC) currently have 100.94M outstanding shares and institutions hold larger chunk of about 32.52% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $1.28B. PE ratio of stock for trailing 12 months is 11.77, while it has posted earnings per share of $1.08 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NMFC, volatility over the week remained 1.13% while standing at 1.44% over the month.
Analysts are in expectations that New Mountain Finance Corporation (NMFC) stock would likely to be making an EPS of $0.31 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $1.26 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.3 which is $0.32 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.30% while it is estimated to increase by 7.00% in next year. EPS is likely to grow at an annualized rate of 1.49% for next 5-years, compared to annual growth of -5.15% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on October 14, 2022 offering a Neutral rating for the stock and assigned a target price of $11.50 to it. Stock get a Buy rating from National Securities on March 17, 2020.