New Mountain Finance (NMFC) Shares Cross Below Book Value

In trading on Friday, shares of New Mountain Finance Corp (NMFC) crossed below their last reported book value — defined as common shareholder equity per share — of $14.33, changing hands as low as $14.01 per share. New Mountain Finance Corp shares are currently trading off about 0.7% 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 $14.14.

According to the ETF Finder at ETF Channel, NMFC makes up 4.27% of the BDC Income ETF ( BIZD) which is trading lower by about 1.4% on the day Friday.

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