New Mountain Finance Stock Price, News & Analysis (NASDAQ:NMFC)

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NMFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NMFC, but not buy additional shares or sell existing shares.
View NMFC analyst ratings or view top-rated stocks.

1 brokerages have issued 12-month price objectives for New Mountain Finance's shares. Their NMFC share price targets range from $12.00 to $13.00. On average, they predict the company's stock price to reach $12.50 in the next year. This suggests that the stock has a possible downside of 2.6%.
View analysts price targets for NMFC or view top-rated stocks among Wall Street analysts.

New Mountain Finance's stock was trading at $12.37 on January 1st, 2023. Since then, NMFC shares have increased by 3.8% and is now trading at $12.84.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our NMFC earnings forecast.

New Mountain Finance Co. (NASDAQ:NMFC) announced its quarterly earnings data on Thursday, November, 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $94.35 million for the quarter, compared to the consensus estimate of $95.71 million. New Mountain Finance had a trailing twelve-month return on equity of 11.56% and a net margin of 34.58%.

New Mountain Finance announced a quarterly dividend on Tuesday, October 24th. Shareholders of record on Friday, December 15th will be given a dividend of $0.32 per share on Friday, December 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for NMFC.

New Mountain Finance (NASDAQ:NMFC) pays an annual dividend of $1.28 per share and currently has a dividend yield of 9.98%. NMFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 113.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NMFC will have a dividend payout ratio of 82.58% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NMFC.

ETFs with the largest weight of New Mountain Finance (NASDAQ:NMFC) stock in their portfolio include GraniteShares HIPS US High Income ETF (HIPS), VanEck BDC Income ETF (BIZD) and ProShares Global Listed Private Equity ETF (PEX).Virtus Private Credit Strategy ETF (VPC).

New Mountain Finance's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.05%), HighTower Advisors LLC (2.80%), LSV Asset Management (2.60%), Morgan Stanley (2.14%), Van ECK Associates Corp (1.39%) and Dimension Capital Management LLC (1.19%). Insiders that own company stock include Adam Weinstein, Alice Handy, David Ogens, James Stone, John Kline, Joseph Hartswell, Laura Holson Boswerger, Robert Hamwee, Rome G Arnold III and Steven B Klinsky.
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Shares of NMFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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