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NYSE:NMFC

New Mountain Finance Stock Forecast, Price & News

$9.19
-0.26 (-2.75 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$9.07
Now: $9.19
$9.37
50-Day Range
$9.24
MA: $9.78
$10.61
52-Week Range
$4.62
Now: $9.19
$14.45
Volume716,124 shs
Average Volume817,059 shs
Market Capitalization$889.84 million
P/E RatioN/A
Dividend Yield12.70%
Beta1.22
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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New Mountain Finance logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 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
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$276.51 million
Cash Flow$1.13 per share
Book Value$13.26 per share

Profitability

Net Income$112.56 million

Miscellaneous

Market Cap$889.84 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$9.19
-0.26 (-2.75 %)
(As of 10/28/2020 12:00 AM 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 been impacted by COVID-19?

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 18.9% and is now trading at $9.19.
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 Co. (NYSE:NMFC) released its quarterly earnings results on Wednesday, August, 5th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.30. The investment management company earned $65.97 million during the quarter, compared to analysts' expectations of $67.40 million. New Mountain Finance had a positive return on equity of 10.54% 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 declared a quarterly dividend on Wednesday, August 5th. Investors 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 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date is Tuesday, September 15th.
View New Mountain Finance's dividend history
.

What price target have analysts set for NMFC?

5 Wall Street analysts have issued 12 month target prices 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 34.0% from the stock's current price.
View analysts' price targets for New 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 50)
  • Mr. John R. Kline, Pres, COO & Director (Age 45)
  • Ms. Lindsey Wittmann, Accounting Mang.
  • Mr. Adam B. Weinstein CPA, CPA, Chief Admin. Officer, Exec. VP & Director (Age 41)
  • Ms. Karrie J. Jerry, Chief Compliance Officer & Corp. Sec. (Age 45)
  • Mr. James W. Stone III, Managing Director
  • Ms. Laura C. Holson, MD & Head of Capital Markets
  • Mr. Joshua Brendan Porter, Managing Director
  • Mr. Andre V. Moura, Managing Director (Age 38)
  • Ms. Holly A. Lau, Treasurer & VP

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 institutional and retail investors. Top institutional shareholders include Round Table Services LLC (2.78%), LSV Asset Management (2.19%), Altium Wealth Management LLC (0.13%), Guild Investment Management Inc. (0.10%), Wedbush Securities Inc. (0.09%) and Rothschild Investment Corp IL (0.04%). 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 Round Table Services LLC, Rothschild Investment Corp IL, HWG Holdings LP, and Guild Investment Management Inc..
View insider buying and selling activity for New Mountain Finance
.

Which institutional investors are buying New Mountain Finance stock?

NMFC stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Wedbush Securities Inc., Altium Wealth Management LLC, and Sanders Morris Harris 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 $9.19.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $889.84 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 10/29/2020 by MarketBeat.com Staff

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