In trading on Friday, shares of New Mountain Finance Corp (NMFC - Get Report) 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: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.
More from Stocks
Kansas City Southern Expected to Earn $1.79 a Share
Kansas City Southern revenue expected to rise 5.1% to $734.9 million.
Stocks Back in Focus, as China Trade News Shoved Aside
Without danger of major macro news and with earnings landing, investors focus on merits of individual stocks once again.
Stocks End Up on Tentative Brexit Deal, U.S.-Turkey Ceasefire Agreement in Syria
Stocks finish higher Thursday on news of a Brexit agreement between the U.K. and the European Union, and a ceasefire agreement in Syria, but IBM's revenue miss weighed on investor sentiment.