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New Mountain Finance Corp. (NYSE:NMFC) has been upgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has upgraded New Mountain Finance Corp. (NYSE:NMFC) to Hold in a report released on Thursday June 22, 2017.

Boasting a price of $14.40, New Mountain Finance Corp. (NYSE:NMFC) traded -0.97% lower on the day. With the last stock price close down -4.22% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. New Mountain Finance Corp. has recorded a 50-day average of $14.27 and a two hundred day average of $14.53. Trading volume was down over the average, with 253,215 shares of NMFC changing hands under the typical 302,062

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New Mountain Finance Corp. (NYSE:NMFC)

New Mountain Finance Corp. has a 52 week low of $13.05 and a 52 week high of $15.00 The company’s market cap is currently $0.

About New Mountain Finance Corp. (NYSE:NMFC)

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. Its investments may also include equity interests, such as preferred stock, common stock, warrants or options received in connection with its debt investments or may include a direct investment in the equity of private companies. The Company makes investments through both primary originations and open-market secondary purchases. Its investment portfolio includes its investments in various industries, such as business services, software, consumer services, investment fund, education, energy, healthcare services, distribution and logistics, and Federal services. Its investment advisor is New Mountain Finance Advisers BDC, L.L.C.

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