In a report released today, Finian O’Shea from Wells Fargo maintained a Buy rating on New Mountain Finance (NMFC). The company’s shares closed last Friday at $7.15.
According to TipRanks.com, O’Shea is a 1-star analyst with an average return of -3.3% and a 38.5% success rate. O’Shea covers the Financial sector, focusing on stocks such as BlackRock Capital Investment, Oaktree Specialty Lending, and Apollo Investment Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Mountain Finance with a $12.75 average price target, implying an 89.7% upside from current levels. In a report issued on April 13, Oppenheimer also maintained a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $14.45 and a one-year low of $4.62. Currently, New Mountain Finance has an average volume of 1.43M.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NMFC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
New Mountain Finance Corp. is a private equity fund and close-eneded non-diversified management investment company. It invests in middle-market companies. The firm targets companies operating in the fields of business services, consumer services, education, federal services, healthcare facilities, healthcare information technology, healthcare services, industrial services, and information services. It also provides financing primarily in the form of debt, mezzanine, and also considers equity interest. The company was founded on June 29, 2010 and is headquartered in New York, NY.
