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

$12.84
+0.01 (+0.08%)
(As of 11:25 AM ET)
Compare
Today's Range
$12.80
$12.90
50-Day Range
$12.25
$12.98
52-Week Range
$11.27
$13.20
Volume
112,830 shs
Average Volume
312,710 shs
Market Capitalization
$1.30 billion
P/E Ratio
11.36
Dividend Yield
9.97%
Price Target
$12.50

New Mountain Finance MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.6% Downside
$12.50 Price Target
Short Interest
Bearish
3.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.89mentions of New Mountain Finance in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.27%
From $1.57 to $1.55 Per Share

Overall MarketRank

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

1.68 out of 5 stars

Finance Sector

764th out of 835 stocks

Investors, Not Elsewhere Classified Industry

8th out of 13 stocks


NMFC stock logo

About New Mountain Finance Stock (NASDAQ:NMFC)

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.

NMFC Stock Price History

NMFC Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 New Mountain Finance Corp Earnings Call
New Mountain Finance declares dividend $0.32
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q2 2023 New Mountain Finance Corp Earnings Call
Earnings Outlook For New Mountain Finance
New Mountain Finance: A BDC Value Buy
NMFC - New Mountain Finance Corporation
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
11/02/2023
Today
12/04/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/26/2024

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 Target
$12.50
High Stock Price Target
$13.00
Low Stock Price Target
$12.00
Potential Upside/Downside
-2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$74.73 million
Pretax Margin
35.18%

Debt

Sales & Book Value

Annual Sales
$294.63 million
Cash Flow
$2.26 per share
Book Value
$13.18 per share

Miscellaneous

Free Float
91,073,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.12
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Key Executives

  • Mr. John R. Kline (Age 48)
    President, Director & CEO
  • Mr. Adam B. Weinstein CPA (Age 44)
    Chief Administrative Officer, Executive VP & Director
  • Ms. Laura C. Holson (Age 37)
    COO, CFO & Treasurer
  • Mr. Joseph Wesley Hartswell C.F.A. (Age 44)
    Chief Compliance Officer & Corporate Secretary
  • Mr. James W. Stone III
    Managing Director
  • Ms. Joy Y. Xu
    Managing Director
  • Mr. Joshua Brendan Porter
    Managing Director & Head of Credit Special Situations
  • Mr. Andre V. Moura (Age 41)
    Managing Director
  • Mr. Ivo D. Turkedjiev
    Managing Director
  • Ms. Catherine R. Dunn
    Director & Head of Capital Markets














NMFC Stock Analysis - Frequently Asked Questions

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

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.

What is New Mountain Finance's stock price target for 2024?

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.

How have NMFC shares performed in 2023?

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.
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, February 26th 2024.
View our NMFC earnings forecast
.

How were New Mountain Finance's earnings last quarter?

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%.

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 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
.

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 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.

What ETFs hold New Mountain Finance's stock?

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).

Who are New Mountain Finance's major shareholders?

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.
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.

This page (NASDAQ:NMFC) was last updated on 12/4/2023 by MarketBeat.com Staff

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