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NASDAQ:NMFC

New Mountain Finance (NMFC) Stock Forecast, Price & News

$12.32
+0.13 (+1.07%)
(As of 06/6/2023 ET)
Compare
Today's Range
$12.20
$12.35
50-Day Range
$11.42
$12.32
52-Week Range
$11.09
$13.59
Volume
152,627 shs
Average Volume
317,217 shs
Market Capitalization
$1.24 billion
P/E Ratio
15.80
Dividend Yield
10.39%
Price Target
$12.67

New Mountain Finance MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.8% Upside
$12.67 Price Target
Short Interest
Bearish
2.74% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$4 M Bought Last Quarter
Proj. Earnings Growth
-2.61%
From $1.53 to $1.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

Finance Sector

745th out of 863 stocks

Investors, Not Elsewhere Classified Industry

7th out of 15 stocks


NMFC stock logo

About New Mountain Finance (NASDAQ:NMFC) Stock

New Mountain Finance Corp. is a is an externally managed, closed-end, non-diversified management investment company, which engages in investments in the middle market. Its objective investment is to generate current income and capital appreciation through investments in debt securities and equity interests. The company was founded on June 29, 2010 & completed its initial public offering (""IPO"") on May 19, 2011 and headquartered in New York, NY.

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NMFC Stock News Headlines

Introducing MarketBeat All Access
Get real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.
Q1 2023 New Mountain Finance Corp Earnings Call
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Get real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.
8-K: New Mountain Finance Corp
New Mountain Finance (NASDAQ:NMFC) Shares Gap Down to $12.17
See More Headlines

NMFC Price History

NMFC Company Calendar

Ex-Dividend for 3/31 Dividend
3/16/2023
Dividend Payable
3/31/2023
Last Earnings
5/08/2023
Today
6/06/2023
Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:NMFC
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.67
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+2.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$74.73 million
Pretax Margin
26.23%

Debt

Sales & Book Value

Annual Sales
$294.63 million
Cash Flow
$2.30 per share
Book Value
$13.14 per share

Miscellaneous

Free Float
90,621,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
1.15

Key Executives

  • John R. Kline
    President, Chief Executive Officer & Director
  • Laura C. Holson
    Treasurer, Chief Operating & Financial Officer
  • Joseph W. Hartswell
    Secretary & Chief Compliance Officer
  • Adam B. Weinstein
    Chief Administrative Officer, EVP & Director
  • Kaitlyn E. Grigoleit
    Assistant Controller













NMFC Stock - Frequently Asked Questions

Should I buy or sell New Mountain Finance stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.

What is New Mountain Finance's stock price forecast for 2023?

2 brokerages have issued 12 month target prices for New Mountain Finance's shares. Their NMFC share price forecasts range from $12.50 to $13.00. On average, they anticipate the company's stock price to reach $12.67 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
View analysts price targets for NMFC
or view top-rated stocks among Wall Street analysts.

How have NMFC shares performed in 2023?

New Mountain Finance's stock was trading at $12.37 at the beginning of 2023. Since then, NMFC shares have decreased by 0.4% and is now trading at $12.32.
View the best growth stocks for 2023 here
.

When is New Mountain Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our NMFC earnings forecast
.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Co. (NASDAQ:NMFC) issued its earnings results on Monday, May, 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The company had revenue of $91.95 million for the quarter, compared to the consensus estimate of $87.05 million. New Mountain Finance had a trailing twelve-month return on equity of 10.36% and a net margin of 26.18%.

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

New Mountain Finance declared a Variable dividend on Tuesday, April 25th. Investors of record on Friday, June 16th will be given a dividend of $0.35 per share on Friday, June 30th. This represents a yield of 10.8%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for NMFC
.

What ETFs hold New Mountain Finance's stock?
Is New Mountain Finance a good dividend stock?

New Mountain Finance (NASDAQ:NMFC) pays an annual dividend of $1.28 per share and currently has a dividend yield of 10.57%. 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 164.10%. 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 85.91% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NMFC.

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 a variety of institutional and retail investors. Top institutional shareholders include Cerity Partners LLC (3.88%), Allspring Global Investments Holdings LLC (3.09%), LSV Asset Management (2.37%), Van ECK Associates Corp (1.32%), Dimension Capital Management LLC (1.17%) and JPMorgan Chase & Co. (1.14%). 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.
View institutional ownership trends
.

How do I buy shares of New Mountain Finance?

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.
Compare Top Brokerages Here.

What is New Mountain Finance's stock price today?

One share of NMFC stock can currently be purchased for approximately $12.32.

How much money does New Mountain Finance make?

New Mountain Finance (NASDAQ:NMFC) has a market capitalization of $1.24 billion and generates $294.63 million in revenue each year. The company earns $74.73 million in net income (profit) each year or $0.78 on an earnings per share basis.

How can I contact New Mountain Finance?

New Mountain Finance's mailing address is 787 Seventh Avenue 48th Floor, New York NY, 10019. The official website for the company is www.newmountainfinance.com. The company can be reached via phone at (212) 720-0300 or via email at nmfcir@newmountaincapital.com.

This page (NASDAQ:NMFC) was last updated on 6/6/2023 by MarketBeat.com Staff

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