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

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.

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.

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

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%.

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.

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

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.

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

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

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.

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.