NASDAQ:NMFC

New Mountain Finance Stock Forecast, Price & News

$13.08
-0.13 (-0.98 %)
(As of 06/15/2021 12:00 AM ET)
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Today's Range
$13.02
$13.32
50-Day Range
$12.55
$13.68
52-Week Range
$8.74
$13.75
Volume457,583 shs
Average Volume419,765 shs
Market Capitalization$1.27 billion
P/E Ratio4.83
Dividend Yield8.88%
Beta1.4
30 days | 90 days | 365 days | Advanced Chart
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New Mountain Finance logo

About New Mountain Finance

New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States. It typically invests between $10 million and $50 million. Within middle market it seeks to invest in companies having EBITDA between $20 million and $200 million. It prefers to invest in equity interests, such as preferred stock, common stock, warrants, or options received in connection with its debt investments and directly in the equity of private companies. The fund makes investments through both primary originations and open-market secondary purchases. It invests primarily in debt securities that are rated below investment grade and have contractual unlevered returns of 10% to 15%. The firm may also invest in distressed debt and related opportunities and prefers to invest in targets having private equity sponsorship. It seeks to hold its investments between five years and ten years. The fund prefer to have majority stake in companies.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.16 out of 5 stars

Finance Sector

953rd out of 1,977 stocks

Investors, Not Elsewhere Classified Industry

23rd out of 39 stocks

Analyst Opinion: 1.3Community Rank: 1.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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New Mountain Finance (NASDAQ:NMFC) Frequently Asked Questions

Is New Mountain Finance a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" New Mountain Finance stock.
View analyst ratings for New Mountain Finance
or view top-rated stocks.

What stocks does MarketBeat like better than New Mountain Finance?

Wall Street analysts have given New Mountain Finance a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Mountain Finance wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting New Mountain Finance?

New Mountain Finance saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 338,700 shares, a drop of 17.0% from the May 13th total of 408,300 shares. Based on an average trading volume of 398,500 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company's shares are short sold.
View New Mountain Finance's Short Interest
.

When is New Mountain Finance's next earnings date?

New Mountain Finance is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for New Mountain Finance
.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Co. (NASDAQ:NMFC) issued its quarterly earnings data on Wednesday, May, 5th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.30. New Mountain Finance had a trailing twelve-month return on equity of 9.56% and a net margin of 105.61%.
View New Mountain Finance's earnings history
.

How has New Mountain Finance's stock price been impacted by COVID-19?

New Mountain Finance's stock was trading at $11.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NMFC stock has increased by 15.4% and is now trading at $13.08.
View which stocks have been most impacted by COVID-19
.

How often does New Mountain Finance pay dividends? What is the dividend yield for New Mountain Finance?

New Mountain Finance announced a quarterly dividend on Wednesday, May 5th. Stockholders of record on Wednesday, June 16th will be paid a dividend of $0.30 per share on Wednesday, June 30th. This represents a $1.20 annualized dividend and a yield of 9.17%. The ex-dividend date of this dividend is Tuesday, June 15th.
View New Mountain Finance's dividend history
.

Is New Mountain Finance a good dividend stock?

New Mountain Finance pays an annual dividend of $1.20 per share and currently has a dividend yield of 8.88%. NMFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of New Mountain Finance is 99.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, New Mountain Finance will have a dividend payout ratio of 96.77% in the coming year. This indicates that New Mountain Finance may not be able to sustain their current dividend.
View New Mountain Finance's dividend history.

What price target have analysts set for NMFC?

4 equities research analysts have issued 1 year target prices for New Mountain Finance's shares. Their forecasts range from $11.00 to $13.50. On average, they expect New Mountain Finance's stock price to reach $12.25 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts' price targets for New Mountain Finance
or view top-rated stocks among Wall Street analysts.

Who are New Mountain Finance's key executives?

New Mountain Finance's management team includes the following people:
  • Mr. Robert A. Hamwee, CEO & Director (Age 51)
  • Mr. John R. Kline, Pres, COO & Director (Age 46)
  • Mr. Adam B. Weinstein CPA, CPA, Chief Admin. Officer, Exec. VP & Director (Age 42)
  • Mr. Shiraz Y. Kajee CPA, CPA, CFO & MD (Age 41)
  • Ms. Lindsey Wittmann, Accounting Mang.
  • Ms. Karrie J. Jerry, Chief Compliance Officer & Corp. Sec. (Age 46)
  • Mr. James W. Stone III, Managing Director
  • Ms. Laura C. Holson, MD & Head of Capital Markets
  • Mr. Joshua Brendan Porter, Managing Director
  • Mr. Andre V. Moura, Managing Director (Age 39)

Who are some of New Mountain Finance's key competitors?

What is New Mountain Finance's stock symbol?

New Mountain Finance trades on the NASDAQ under the ticker symbol "NMFC."

Who are New Mountain Finance's major shareholders?

New Mountain Finance's stock is owned by many different retail and institutional investors. Top institutional shareholders include Round Table Services LLC (2.68%), LSV Asset Management (2.25%), Cliffwater LLC (1.86%), Morgan Stanley (1.68%), JPMorgan Chase & Co. (1.42%) and Van ECK Associates Corp (1.35%). Company insiders that own New Mountain Finance stock include Adam Weinstein, Alice Handy, David Ogens, James Stone, John Kline, Karrie J Jerry, Robert Hamwee, Rome G Arnold III, Shiraz Kajee and Steven B Klinsky.
View institutional ownership trends for New Mountain Finance
.

Which institutional investors are selling New Mountain Finance stock?

NMFC stock was sold by a variety of institutional investors in the last quarter, including Spring Creek Investment Management LLC, Arrowstreet Capital Limited Partnership, JPMorgan Chase & Co., Sumitomo Mitsui Trust Holdings Inc., Neuberger Berman Group LLC, Chilton Investment Co. LLC, Confluence Investment Management LLC, and Guggenheim Capital LLC.
View insider buying and selling activity for New Mountain Finance
or view top insider-selling stocks.

Which institutional investors are buying New Mountain Finance stock?

NMFC stock was purchased by a variety of institutional investors in the last quarter, including Ares Management LLC, Van ECK Associates Corp, Hennion & Walsh Asset Management Inc., Cliffwater LLC, Round Table Services LLC, HRT Financial LP, Ameriprise Financial Inc., and Advisors Asset Management Inc.. Company insiders that have bought New Mountain Finance stock in the last two years include Adam Weinstein, Alice Handy, David Ogens, James Stone, John Kline, Karrie J Jerry, Robert Hamwee, Rome G Arnold III, Shiraz Kajee, and Steven B Klinsky.
View insider buying and selling activity for New Mountain Finance
or or view top insider-buying stocks.

How do I buy shares of New Mountain Finance?

Shares of NMFC 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.
Compare Top Brokerages Here.

What is New Mountain Finance's stock price today?

One share of NMFC stock can currently be purchased for approximately $13.08.

How much money does New Mountain Finance make?

New Mountain Finance has a market capitalization of $1.27 billion and generates $273.71 million in revenue each year. The company earns $58.47 million in net income (profit) each year or $1.21 on an earnings per share basis.

What is New Mountain Finance's official website?

The official website for New Mountain Finance is www.newmountainfinance.com.

Where are New Mountain Finance's headquarters?

New Mountain Finance is headquartered at 787 Seventh Avenue 48th Floor, New York NY, 10019.

How can I contact New Mountain Finance?

New Mountain Finance's mailing address is 787 Seventh Avenue 48th Floor, New York NY, 10019. The company can be reached via phone at 212-720-0300 or via email at [email protected]


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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