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NYSE:NMFCNew Mountain Finance Stock Price, Forecast & News

$9.11
+0.23 (+2.59 %)
(As of 05/25/2020 12:41 PM ET)
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Today's Range
$8.75
Now: $9.11
$9.15
50-Day Range
$5.02
MA: $7.24
$8.88
52-Week Range
$4.62
Now: $9.11
$14.45
Volume652,543 shs
Average Volume911,161 shs
Market Capitalization$882.12 million
P/E RatioN/A
Dividend Yield14.93%
Beta1.1
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.36 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP64755110
Phone212-720-0300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$276.51 million
Cash Flow$1.28 per share
Book Value$13.26 per share

Profitability

Net Income$112.56 million

Miscellaneous

EmployeesN/A
Market Cap$882.12 million
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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New Mountain Finance (NYSE:NMFC) Frequently Asked Questions

How has New Mountain Finance's stock been impacted by COVID-19 (Coronavirus)?

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 decreased by 19.6% and is now trading at $9.11. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Mountain Finance?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Mountain Finance.

When is New Mountain Finance's next earnings date?

New Mountain Finance is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for New Mountain Finance.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Corp. (NYSE:NMFC) posted its earnings results on Wednesday, May, 6th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The investment management company earned $74.08 million during the quarter, compared to the consensus estimate of $77.71 million. New Mountain Finance had a negative net margin of 36.21% and a positive return on equity of 10.70%. View New Mountain Finance's earnings history.

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

New Mountain Finance declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.30 per share on Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.17%. The ex-dividend date is Monday, June 15th. View New Mountain Finance's dividend history.

What price target have analysts set for NMFC?

5 brokers have issued 12-month price objectives for New Mountain Finance's shares. Their forecasts range from $9.00 to $14.75. On average, they expect New Mountain Finance's share price to reach $12.31 in the next twelve months. This suggests a possible upside of 35.2% from the stock's current price. View analysts' price targets for New Mountain Finance.

Has New Mountain Finance been receiving favorable news coverage?

News articles about NMFC stock have trended somewhat positive on Monday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Mountain Finance earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave media coverage about the investment management company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutNew Mountain Finance.

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

What other stocks do shareholders of New Mountain Finance own?

Who are New Mountain Finance's key executives?

New Mountain Finance's management team includes the following people:
  • Mr. Robert A. Hamwee, CEO & Member of Board of Director (Age 49)
  • Mr. Adam B. Weinstein, Chief Admin. Officer & Exec. VP (Age 40)
  • Mr. John R. Kline, Pres & COO (Age 44)
  • Mr. Shiraz Y. Kajee CPA, Treasurer & CFO (Age 39)
  • Ms. Karrie J. Jerry, Chief Compliance Officer, & Corp. Sec.

What is New Mountain Finance's stock symbol?

New Mountain Finance trades on the New York Stock Exchange (NYSE) under the ticker symbol "NMFC."

Who are New Mountain Finance's major shareholders?

New Mountain Finance's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wells Fargo & Company MN (3.39%), Dimension Capital Management LLC (2.38%), Round Table Services LLC (2.36%), JPMorgan Chase & Co. (2.00%), Spring Creek Investment Management LLC (1.43%) and HighTower Advisors LLC (1.28%). 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 major investors are selling New Mountain Finance stock?

NMFC stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Wells Fargo & Company MN, Healthcare of Ontario Pension Plan Trust Fund, Confluence Investment Management LLC, Alps Advisors Inc., Two Sigma Investments LP, Virtus ETF Advisers LLC, and Muzinich & Co. Inc.. View insider buying and selling activity for New Mountain Finance.

Which major investors are buying New Mountain Finance stock?

NMFC stock was purchased by a variety of institutional investors in the last quarter, including Spring Creek Investment Management LLC, HighTower Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Round Table Services LLC, Deutsche Bank AG, Advisor Group Holdings Inc., Chilton Investment Co. LLC, and Cliffwater LLC. 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Mountain Finance's stock price today?

One share of NMFC stock can currently be purchased for approximately $9.11.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $882.12 million and generates $276.51 million in revenue each year. The investment management company earns $112.56 million in net income (profit) each year or $1.27 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.

How can I contact New Mountain Finance?

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

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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