New Mountain Finance Co. (NMFC) To Go Ex-Dividend on March 17th

New Mountain Finance Co. (NASDAQ:NMFC) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.32 per share on Monday, March 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Monday, March 17th.

New Mountain Finance has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect New Mountain Finance to earn $1.31 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 97.7%.

New Mountain Finance Stock Up 1.3 %

New Mountain Finance stock opened at $11.65 on Friday. New Mountain Finance has a twelve month low of $10.61 and a twelve month high of $13.01. The business has a fifty day moving average of $11.48 and a two-hundred day moving average of $11.68. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm has a market cap of $1.26 billion, a P/E ratio of 11.10 and a beta of 1.15.

New Mountain Finance (NASDAQ:NMFC) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $92.89 million for the quarter, compared to analyst estimates of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. On average, analysts forecast that New Mountain Finance will post 1.39 earnings per share for the current fiscal year.

Insider Activity at New Mountain Finance

In other New Mountain Finance news, Director Steven B. Klinsky bought 72,280 shares of New Mountain Finance stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $11.28 per share, with a total value of $815,318.40. Following the completion of the acquisition, the director now owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. This represents a 1.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 95,104 shares of company stock worth $1,083,334. Insiders own 10.22% of the company’s stock.

New Mountain Finance Company Profile

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.