New Mountain Finance Corp (NASDAQ: NMFC) kicked off on Tuesday, down -1.11% from the previous trading day, before settling in for the closing price of $10.80. Over the past 52 weeks, NMFC has traded in a range of $10.76-$13.02.
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While this was happening, its average annual earnings per share was recorded -10.20%. With a float of $96.71 million, this company’s outstanding shares have now reached $107.85 million.
In terms of profitability, gross margin is 62.92%, operating margin of 100.89%, and the pretax margin is 53.29%.
New Mountain Finance Corp (NMFC) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of New Mountain Finance Corp is 10.23%, while institutional ownership is 36.78%. The most recent insider transaction that took place on Aug 05 ’24, was worth 76,158. In this transaction CFO and Treasurer of this company bought 6,500 shares at a rate of $11.72, taking the stock ownership to the 6,500 shares. Before that another transaction happened on Jun 07 ’24, when Company’s Director bought 3,500 for $12.62, making the entire transaction worth $44,170. This insider now owns 166,391 shares in total.
New Mountain Finance Corp (NMFC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -10.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.49% during the next five years compared to 4.25% growth over the previous five years of trading.
New Mountain Finance Corp (NASDAQ: NMFC) Trading Performance Indicators
Take a look at New Mountain Finance Corp’s (NMFC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.04, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.33 in one year’s time.
Technical Analysis of New Mountain Finance Corp (NMFC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.09 million. That was better than the volume of 0.41 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.78%. Additionally, its Average True Range was 0.17.
During the past 100 days, New Mountain Finance Corp’s (NMFC) raw stochastic average was set at 3.36%, which indicates a significant decrease from 5.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.20% in the past 14 days, which was higher than the 12.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.82, while its 200-day Moving Average is $12.34. However, in the short run, New Mountain Finance Corp’s stock first resistance to watch stands at $10.79. Second resistance stands at $10.90. The third major resistance level sits at $10.98. If the price goes on to break the first support level at $10.59, it is likely to go to the next support level at $10.51. Assuming the price breaks the second support level, the third support level stands at $10.40.
New Mountain Finance Corp (NASDAQ: NMFC) Key Stats
The company with the Market Capitalisation of 1.15 billion has total of 107,851K Shares Outstanding. Its annual sales at the moment are 350,930 K in contrast with the sum of 135,340 K annual income. Company’s last quarter sales were recorded 83,180 K and last quarter income was 23,890 K.
