About New Mountain Finance Corporation (NYSE:NMFC)
New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. Its investments may also include equity interests, such as preferred stock, common stock, warrants or options received in connection with its debt investments or may include a direct investment in the equity of private companies. The Company makes investments through both primary originations and open-market secondary purchases. Its investment portfolio includes its investments in various industries, such as business services, software, consumer services, investment fund, education, energy, healthcare services, distribution and logistics, and Federal services. Its investment advisor is New Mountain Finance Advisers BDC, L.L.C.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:NMFC
- CUSIP: 64755110
- Web: www.newmountainfinance.com
- Market Cap: $1.07853 billion
- Outstanding Shares: 75,686,000
- 50 Day Moving Avg: $14.08
- 200 Day Moving Avg: $14.39
- 52 Week Range: $13.05 - $15.00
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.40
- P/E Growth: 0.00
- Annual Dividend: $1.36
- Dividend Yield: 9.5%
- Net Margins: 65.22%
- Return on Equity: 10.15%
- Return on Assets: 5.38%
- Debt-to-Equity Ratio: 0.84%
- Current Ratio: 1.20%
- Quick Ratio: 1.20%
- Average Volume: 273,400 shs.
- Beta: 0.59
Frequently Asked Questions for New Mountain Finance Corporation (NYSE:NMFC)
What is New Mountain Finance Corporation's stock symbol?
New Mountain Finance Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "NMFC."
How often does New Mountain Finance Corporation pay dividends? What is the dividend yield for New Mountain Finance Corporation?
New Mountain Finance Corporation declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.34 per share on Friday, September 29th. This represents a $1.36 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Thursday, September 14th. View New Mountain Finance Corporation's Dividend History.
How were New Mountain Finance Corporation's earnings last quarter?
New Mountain Finance Corporation (NYSE:NMFC) posted its earnings results on Tuesday, August, 8th. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.34. The firm earned $50.02 million during the quarter, compared to the consensus estimate of $47.66 million. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. View New Mountain Finance Corporation's Earnings History.
When will New Mountain Finance Corporation make its next earnings announcement?
Where is New Mountain Finance Corporation's stock going? Where will New Mountain Finance Corporation's stock price be in 2017?
1 analysts have issued 1 year price objectives for New Mountain Finance Corporation's shares. Their forecasts range from $15.00 to $15.00. On average, they anticipate New Mountain Finance Corporation's share price to reach $15.00 in the next twelve months. View Analyst Ratings for New Mountain Finance Corporation.
Who are some of New Mountain Finance Corporation's key competitors?
Some companies that are related to New Mountain Finance Corporation include 3i Infrastructure PLC (3IN), FS Investment Corporation (FSIC), Apollo Investment Corporation (AINV), Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Golub Capital BDC (GBDC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Invesco California Value Municipal Income Trust (VCV), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS) and Eagle Point Credit Company (ECC).
Who are New Mountain Finance Corporation's key executives?
New Mountain Finance Corporation's management team includes the folowing people:
- Steven B. Klinsky, Chairman of the Board
- John R. Kline, President, Chief Operating Officer
- Robert A. Hamwee, Chief Executive Officer, Director
- Shiraz Y. Kajee, Chief Financial Officer, Treasurer
- Adam B. Weinstein CPA, Executive Vice President, Chief Administrative Officer, Director
- Karrie J. Jerry, Chief Compliance Officer, Corporate Secretary
- Rome G. Arnold III, Director
- Alfred F. Hurley Jr., Independent Director
- David Ogens, Independent Director
- Kurt J. Wolfgruber, Independent Director
Who owns New Mountain Finance Corporation stock?
New Mountain Finance Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Round Table Services LLC (1.78%). Company insiders that own New Mountain Finance Corporation stock include Adam Weinstein, David Malpass, David Ogens, James Stone, John Kline, Karrie J Jerry, Kurt Wolfgruber, Robert Hamwee, Shiraz Kajee and Steven B Klinsky. View Institutional Ownership Trends for New Mountain Finance Corporation.
Who bought New Mountain Finance Corporation stock? Who is buying New Mountain Finance Corporation stock?
New Mountain Finance Corporation's stock was bought by a variety of institutional investors in the last quarter, including Round Table Services LLC. Company insiders that have bought New Mountain Finance Corporation stock in the last two years include Adam Weinstein, David Ogens, James Stone, John Kline, Karrie J Jerry, Kurt Wolfgruber, Robert Hamwee, Shiraz Kajee and Steven B Klinsky. View Insider Buying and Selling for New Mountain Finance Corporation.
How do I buy New Mountain Finance Corporation stock?
Shares of New Mountain Finance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is New Mountain Finance Corporation's stock price today?
MarketBeat Community Rating for New Mountain Finance Corporation (NYSE NMFC)MarketBeat's community ratings are surveys of what our community members think about New Mountain Finance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of New Mountain Finance Corporation stock can currently be purchased for approximately $14.25.
Consensus Ratings for New Mountain Finance Corporation (NYSE:NMFC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$15.00 (5.26% upside)|Consensus Price Target History for New Mountain Finance Corporation (NYSE:NMFC)
Analysts' Ratings History for New Mountain Finance Corporation (NYSE:NMFC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/5/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$15.00||N/A|
|8/5/2016||Oppenheimer Holdings, Inc.||Boost Price Target||Outperform||$13.00 -> $14.00||N/A|
|7/14/2016||Robert W. Baird||Downgrade||Outperform -> Neutral||$13.00||N/A|
|4/27/2016||Janney Montgomery Scott||Reiterated Rating||Hold||N/A|
Earnings History for New Mountain Finance Corporation (NYSE:NMFC)Earnings History by Quarter for New Mountain Finance Corporation (NYSE NMFC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.34||$0.34||$47.66 million||$50.02 million||View||Listen|
|5/8/2017||Q1 2017||$0.34||$0.34||$44.09 million||$43.31 million||View||Listen|
|11/8/2016||Q316||$0.34||$0.34||$41.28 million||$41.83 million||View||Listen|
|8/3/2016||Q216||$0.34||$0.34||$41.39 million||$41.49 million||View||N/A|
|5/4/2016||Q116||$0.34||$0.34||$41.73 million||$40.98 million||View||N/A|
|2/29/2016||Q415||$0.35||$0.35||$41.62 million||$42.00 million||View||Listen|
|11/4/2015||Q315||$0.35||$0.35||$37.72 million||$37.45 million||View||N/A|
|8/5/2015||Q215||$0.34||$0.33||$38.23 million||$37.91 million||View||N/A|
|5/5/2015||Q1 2015||$0.34||$0.34||$38.14 million||$36.54 million||View||N/A|
|3/2/2015||Q414||$0.36||$0.34||$37.10 million||$36.75 million||View||N/A|
|11/5/2014||Q314||$0.35||$0.35||$33.40 million||$34.71 million||View||N/A|
|5/7/2014||Q1 2014||$0.34||$0.37||$28.38 million||$30.92 million||View||N/A|
|11/12/2013||Q313||$0.34||$0.35||$26.82 million||$25.79 million||View||N/A|
|8/7/2013||Q2 2013||$0.34||$0.38||$27.05 million||View||N/A|
|5/6/2013||Q1 2013||$0.35||$0.34||$25.34 million||View||N/A|
Earnings Estimates for New Mountain Finance Corporation (NYSE:NMFC)
Current Year EPS Consensus Estimate: $1.36 EPS
Next Year EPS Consensus Estimate: $1.37 EPS
Current Dividend Information for New Mountain Finance Corporation (NYSE:NMFC)
|Most Recent Dividend:||9/29/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||86.62% (Trailing 12 Months of Earnings) |
100.00% (Based on This Year's Estimates)
99.27% (Based on Next Year's Estimates)
Dividend History by Quarter for New Mountain Finance Corporation (NYSE NMFC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for New Mountain Finance Corporation (NYSE:NMFC)
Insider Ownership Percentage: 9.73%Insider Trades by Quarter for New Mountain Finance Corporation (NYSE:NMFC)
Institutional Ownership Percentage: 40.71%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/13/2017||Shiraz Kajee||CFO||Buy||2,000||$14.63||$29,260.00|| |
|5/17/2017||David Ogens||Director||Buy||3,600||$14.37||$51,732.00|| |
|3/15/2017||David Malpass||Director||Sell||66,411||$14.72||$977,569.92|| |
|11/8/2016||Steven B Klinsky||Director||Buy||12,154||$13.47||$163,714.38|| |
|11/7/2016||James Stone||Insider||Buy||1,970||$13.35||$26,299.50|| |
|11/7/2016||Steven B Klinsky||Director||Buy||155,724||$13.37||$2,082,029.88|| |
|11/4/2016||John Kline||Insider||Buy||5,440||$13.23||$71,971.20|| |
|11/3/2016||Adam Weinstein||CAO||Buy||3,750||$13.23||$49,612.50|| |
|11/3/2016||Steven B Klinsky||Director||Buy||214,276||$13.28||$2,845,585.28|| |
|11/2/2016||John Kline||Insider||Buy||4,200||$13.20||$55,440.00|| |
|10/31/2016||David Ogens||Director||Buy||1,600||$13.40||$21,440.00|| |
|10/31/2016||Robert Hamwee||CEO||Buy||25,000||$13.33||$333,250.00|| |
|8/16/2016||David Malpass||Director||Sell||85,000||$14.00||$1,190,000.00|| |
|5/20/2016||James Stone||Insider||Buy||2,000||$12.35||$24,700.00|| |
|5/20/2016||James Stone||Insider||Buy||2,000||$12.35||$24,700.00|| |
|2/19/2016||Steven B Klinsky||Director||Buy||64,539||$12.04||$777,049.56|| |
|2/17/2016||Steven B. Klinsky||Director||Buy||284,780||$11.93||$3,397,425.40|| |
|2/12/2016||Steven B. Klinsky||Director||Buy||350,475||$11.60||$4,065,510.00|| |
|2/9/2016||Adam Weinstein||CAO||Buy||2,600||$11.42||$29,692.00|| |
|2/9/2016||James Stone||insider||Buy||2,500||$11.51||$28,775.00|| |
|12/17/2015||Steven B. Klinsky||Director||Buy||222,313||$13.03||$2,896,738.39|| |
|12/14/2015||Karrie J Jerry||Insider||Buy||150||$12.30||$1,845.00|| |
|12/14/2015||Kurt Wolfgruber||Director||Buy||13,100||$12.36||$161,916.00|| |
|12/14/2015||Robert Hamwee||CEO||Buy||25,000||$12.35||$308,750.00|| |
|11/12/2015||David Ogens||Director||Buy||1,656||$14.12||$23,382.72|| |
|9/30/2015||Adam Weinstein||CAO||Buy||7,500||$13.84||$103,800.00|| |
|9/30/2015||Steven B. Klinsky||Director||Buy||200,100||$13.71||$2,743,371.00|| |
|9/29/2015||Karrie J Jerry||Insider||Buy||1,000||$13.60||$13,600.00|| |
|9/29/2015||Steven B. Klinsky||Director||Buy||299,900||$13.56||$4,066,644.00|| |
|9/28/2015||David Malpass||Director||Buy||30,000||$13.36||$400,800.00|| |
|9/28/2015||James Stone||insider||Buy||3,000||$13.55||$40,650.00|| |
|9/28/2015||Robert Hamwee||CEO||Buy||20,000||$13.54||$270,800.00|| |
|9/25/2015||Steven B Klinsky||Director||Buy||500,000||$14.14||$7,070,000.00|| |
|9/11/2015||Adam Weinstein||CAO||Buy||10,500||$14.69||$154,245.00|| |
|3/16/2015||Kurt Wolfgruber||Director||Buy||14,000||$14.38||$201,320.00|| |
|3/13/2015||David Malpass||Director||Buy||5,000||$14.25||$71,250.00|| |
|3/9/2015||David Malpass||Director||Buy||5,000||$14.44||$72,200.00|| |
|12/17/2014||Kurt Wolfgruber||Director||Buy||5,000||$14.07||$70,350.00|| |
|12/8/2014||David Malpass||Director||Buy||7,700||$14.70||$113,190.00|| |
|11/12/2014||Steven B Klinsky||Director||Buy||134,788||$14.82||$1,997,558.16|| |
|11/10/2014||Adam Weinstein||CAO||Buy||5,000||$14.69||$73,450.00|| |
|9/16/2014||David Malpass||Director||Buy||5,000||$14.83||$74,150.00|| |
|8/15/2014||Steven B Klinsky||Director||Buy||117,940||$15.19||$1,791,508.60|| |
|8/13/2014||Steven B Klinsky||Director||Buy||212,060||$15.10||$3,202,106.00|| |
|8/12/2014||David Ogens||Director||Buy||10,000||$14.98||$149,800.00|| |
|6/16/2014||Adam Weinstein||CAO||Buy||3,500||$14.35||$50,225.00|| |
|6/11/2014||Alfred F Hurley Jr||Director||Buy||7,000||$14.43||$101,010.00|| |
|4/29/2014||Paula Bosco||Insider||Buy||2,125||$14.26||$30,302.50|| |
|4/28/2014||Robert Hamwee||CEO||Buy||15,000||$14.31||$214,650.00|| |
|4/16/2014||David Malpass||Director||Buy||10,000||$14.25||$142,500.00|| |
|4/16/2014||James Stone||Insider||Buy||1,500||$14.24||$21,360.00|| |
|3/12/2014||David M Cordova||CFO||Buy||1,500||$14.81||$22,215.00|| |
|3/7/2014||Robert Hamwee||CEO||Buy||12,000||$14.75||$177,000.00|| |
|12/13/2013||James Stone||Insider||Buy||3,500||$14.69||$51,415.00|| |
|11/20/2013||Kurt Wolfgruber||Director||Buy||11,500||$14.44||$166,060.00|| |
|9/12/2013||James Stone||Insider||Buy||3,500||$14.44||$50,540.00|| |
|8/15/2013||John Kline||COO||Buy||3,000||$14.58||$43,740.00|| |
|8/13/2013||Adam Weinstein||CAO||Buy||2,400||$14.65||$35,160.00|| |
|8/13/2013||James Stone||Insider||Buy||8,560||$14.59||$124,890.40|| |
|8/13/2013||Robert Hamwee||CEO||Buy||15,000||$14.65||$219,750.00|| |
|5/23/2013||David Ogens||Director||Buy||6,000||$15.10||$90,600.00|| |
|5/22/2013||David Malpass||Director||Buy||2,800||$15.24||$42,672.00|| |
|12/14/2012||James Stone||Insider||Buy||6,500||$14.49||$94,185.00|| |
|12/13/2012||David Malpass||Director||Buy||11,000||$14.24||$156,640.00|| |
|12/7/2012||Alfred F Hurley Jr||Director||Buy||7,000||$14.50||$101,500.00|| |
|11/14/2012||Adam Weinstein||CFO||Buy||2,500||$13.80||$34,500.00|| |
|11/13/2012||John Kline||Insider||Buy||2,650||$14.23||$37,709.50|| |
|11/12/2012||David Ogens||Director||Buy||1,000||$14.39||$14,390.00|| |
|11/12/2012||James Stone||Insider||Buy||2,500||$14.29||$35,725.00|| |
|11/9/2012||Robert Hamwee||CEO||Buy||10,000||$14.57||$145,700.00|| |
|9/7/2012||James Stone||Insider||Buy||10,500||$14.67||$154,035.00|| |
|9/5/2012||James Stone||Insider||Buy||4,100||$14.62||$59,942.00|| |
|8/21/2012||David Malpass||Director||Buy||16,250||$14.44||$234,650.00|| |
Headline Trends for New Mountain Finance Corporation (NYSE:NMFC)
Latest Headlines for New Mountain Finance Corporation (NYSE:NMFC)
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New Mountain Finance Corporation (NMFC) Chart for Sunday, October, 22, 2017