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NYSE:NMFC - New Mountain Finance Stock Price, Forecast & News

$7.59
-0.68 (-8.22 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$7.48
Now: $7.59
$8.04
50-Day Range
$5.15
MA: $11.80
$14.44
52-Week Range
$4.62
Now: $7.59
$14.45
Volume2.29 million shs
Average Volume1.15 million shs
Market Capitalization$734.92 million
P/E Ratio6.07
Dividend Yield16.44%
Beta0.58
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.
Read More
New Mountain Finance logo

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$1.17 per share
Book Value$13.26 per share

Profitability

Net Income$112.56 million

Miscellaneous

EmployeesN/A
Market Cap$734.92 million
Next Earnings Date5/4/2020 (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 (WHO). Since then, NMFC stock has decreased by 33.0% and is now trading at $7.59. View which stocks have been mosted impacted by Coronavirus.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last year. There are currently 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 Monday, May 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) released its earnings results on Wednesday, February, 26th. The investment management company reported $0.32 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.03. The investment management company had revenue of $73.26 million for the quarter, compared to analysts' expectations of $75.81 million. New Mountain Finance had a net margin of 40.71% and a return on equity of 10.15%. 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 Friday, February 28th. Stockholders of record on Friday, March 13th will be given a dividend of $0.34 per share on Friday, March 27th. This represents a $1.36 annualized dividend and a yield of 17.92%. The ex-dividend date of this dividend is Thursday, March 12th. View New Mountain Finance's dividend history.

What price target have analysts set for NMFC?

4 brokerages have issued 12-month target prices for New Mountain Finance's shares. Their forecasts range from $8.00 to $14.75. On average, they expect New Mountain Finance's stock price to reach $12.42 in the next year. This suggests a possible upside of 63.6% from the stock's current price. View analysts' price targets for New Mountain Finance.

Has New Mountain Finance been receiving favorable news coverage?

News coverage about NMFC stock has been trending negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Mountain Finance earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave news stories about the investment management company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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 a number of retail and institutional investors. Top institutional shareholders include Dimension Capital Management LLC (2.32%), LSV Asset Management (2.23%), Round Table Services LLC (1.75%), Partners Group Holding AG (1.07%), Van ECK Associates Corp (0.87%) and Cliffwater LLC (0.87%). 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 Confluence Investment Management LLC, Muzinich & Co. Inc., Private Advisor Group LLC, Advisory Research Inc., Guild Investment Management Inc., Advisors Asset Management Inc., Janney Montgomery Scott LLC, and Guggenheim Capital LLC. 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 Dimension Capital Management LLC, Van ECK Associates Corp, Public Sector Pension Investment Board, Acadian Asset Management LLC, UBS Group AG, Marshall Wace LLP, Rafferty Asset Management LLC, and Partners Group Holding 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 $7.59.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $734.92 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.  View additional information about New Mountain Finance.

What is New Mountain Finance's official website?

The official website for New Mountain Finance is http://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]


MarketBeat Community Rating for New Mountain Finance (NYSE NMFC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  227 (Vote Outperform)
Underperform Votes:  345 (Vote Underperform)
Total Votes:  572
MarketBeat's community ratings are surveys of what our community members think about New Mountain Finance and other stocks. Vote "Outperform" if you believe NMFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NMFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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