New Mountain Finance (NMFC) Shares Cross Below Book Value

In trading on Monday, shares of New Mountain Finance Corp ( NMFC) crossed below their last reported book value — defined as common shareholder equity per share — of $14.65, changing hands as low as $14.60 per share. New Mountain Finance Corp shares are currently trading off about 1% on the day. The chart below shows the one year performance of NMFC shares, versus its 50 and 200 day moving averages:

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New Mountain Finance Corp Moving Averages Chart

Looking at the chart above, NMFC's low point in its 52 week range is $13.86 per share, with $15.50 as the 52 week high point — that compares with a last trade of $14.60.

According to the ETF Finder at ETF Channel, NMFC makes up 3.72% of the BDC Income ETF ( BIZD) which is trading lower by about 0.8% on the day Monday.

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