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NYSE:NMFCNew Mountain Finance Stock Price, Forecast & News

$10.18
-0.06 (-0.59 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$10.00
Now: $10.18
$10.21
50-Day Range
$8.81
MA: $9.30
$10.48
52-Week Range
$4.62
Now: $10.18
$14.45
Volume454,150 shs
Average Volume948,000 shs
Market Capitalization$985.70 million
P/E RatioN/A
Dividend Yield11.72%
Beta1.14
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: 2.4Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 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$1.30 per share
Book Value$13.26 per share

Profitability

Net Income$112.56 million

Miscellaneous

EmployeesN/A
Market Cap$985.70 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$10.18
-0.06 (-0.59 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Mountain Finance (NYSE:NMFC) Frequently Asked Questions

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

New Mountain Finance's stock was trading at $11.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NMFC stock has decreased by 10.2% and is now trading at $10.18.
View which stocks have been most impacted by COVID-19
.

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 1 hold rating and 4 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, November 4th 2020.
View our earnings forecast for New Mountain Finance
.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Corp. (NYSE:NMFC) announced its quarterly earnings results on Wednesday, August, 5th. The investment management company reported $0.30 EPS for the quarter, hitting the Zacks' consensus estimate of $0.30. New Mountain Finance had a positive return on equity of 10.45% and a negative net margin of 17.83%.
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 announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.30 per share on Wednesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 11.79%. The ex-dividend date is Tuesday, September 15th.
View New Mountain Finance's dividend history
.

What guidance has New Mountain Finance issued on next quarter's earnings?

New Mountain Finance updated its second quarter earnings guidance on Wednesday, June, 24th. The company provided EPS guidance of $0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.28.

What price target have analysts set for NMFC?

5 Wall Street analysts have issued 12-month price targets for New Mountain Finance's shares. Their forecasts range from $9.00 to $14.75. On average, they anticipate New Mountain Finance's stock price to reach $12.31 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
View analysts' price targets for New Mountain Finance
.

Has New Mountain Finance been receiving favorable news coverage?

Media stories about NMFC stock have trended negative on Saturday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. New Mountain Finance earned a coverage optimism score of -2.7 on InfoTrie's scale. They also assigned media stories about the investment management company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about New Mountain Finance
.

Are investors shorting New Mountain Finance?

New Mountain Finance saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,270,000 shares, a decrease of 11.3% from the April 30th total of 2,560,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.6% of the shares of the stock are short sold.
View New Mountain Finance's Short Interest
.

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 a variety of retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.14%), HighTower Advisors LLC (1.58%), Spring Creek Investment Management LLC (1.48%), Cliffwater LLC (1.42%), Sumitomo Mitsui Trust Holdings Inc. (0.82%) and Confluence Investment Management LLC (0.54%). 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 institutional investors are selling New Mountain Finance stock?

NMFC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Virtus ETF Advisers LLC, Confluence Investment Management LLC, Guild Investment Management Inc., 20 20 Capital Management Inc., Mckinley Capital Management LLC Delaware, Janney Montgomery Scott LLC, and Advisor Group Holdings Inc..
View insider buying and selling activity for New Mountain Finance
.

Which institutional investors are buying New Mountain Finance stock?

NMFC stock was purchased by a variety of institutional investors in the last quarter, including Cliffwater LLC, HighTower Advisors LLC, WINTON GROUP Ltd, LSV Asset Management, Sumitomo Mitsui Trust Holdings Inc., West Family Investments Inc., Chilton Investment Co. LLC, and UBS Group AG. 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 $10.18.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $985.70 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 8/15/2020 by MarketBeat.com Staff

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