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

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$12.84 -0.03 (-0.23 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$12.84
Today's Range$12.80 - $12.95
52-Week Range$12.05 - $14.30
Volume388,245 shs
Average Volume254,831 shs
Market Capitalization$979.49 million
P/E Ratio9.95
Dividend Yield10.57%
Beta0.53
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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:NMFC
Previous Symbol
CUSIP64755110
Phone212-720-0300

Debt

Debt-to-Equity Ratio1.31
Current Ratio1.65
Quick Ratio1.65

Price-To-Earnings

Trailing P/E Ratio9.95
Forward P/E Ratio9.30
P/E GrowthN/A

Sales & Book Value

Annual Sales$197.81 million
Price / Sales4.94
Cash Flow$0.6632 per share
Price / Cash Flow19.36
Book Value$13.65 per share
Price / Book0.94

Profitability

EPS (Most Recent Fiscal Year)$1.29
Net Income$109.39 million
Net Margins45.47%
Return on Equity10.18%
Return on Assets4.82%

Miscellaneous

EmployeesN/A
Outstanding Shares76,110,000
Market Cap$979.49 million
OptionableOptionable

New Mountain Finance (NYSE:NMFC) Frequently Asked Questions

What is New Mountain Finance's stock symbol?

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

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 Thursday, November 8th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.34 per share on Friday, December 28th. This represents a $1.36 dividend on an annualized basis and a yield of 10.59%. The ex-dividend date of this dividend is Thursday, December 13th. View New Mountain Finance's Dividend History.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Corp. (NYSE:NMFC) posted its quarterly earnings results on Wednesday, November, 7th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.03. The investment management company earned $60.47 million during the quarter, compared to the consensus estimate of $55.38 million. New Mountain Finance had a net margin of 45.47% and a return on equity of 10.18%. View New Mountain Finance's Earnings History.

When is New Mountain Finance's next earnings date?

New Mountain Finance is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for New Mountain Finance.

What price target have analysts set for NMFC?

2 analysts have issued 12-month target prices for New Mountain Finance's shares. Their forecasts range from $14.00 to $15.00. On average, they expect New Mountain Finance's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for New Mountain Finance.

What is the consensus analysts' recommendation for New Mountain Finance?

2 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 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Mountain Finance.

Has New Mountain Finance been receiving favorable news coverage?

Media headlines about NMFC stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. New Mountain Finance earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave headlines about the investment management company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near term.

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

Who are New Mountain Finance's key executives?

New Mountain Finance's management team includes the folowing people:
  • Mr. Robert A. Hamwee, CEO & Member of Board of Director (Age 48)
  • Mr. Adam B. Weinstein, Chief Admin. Officer & Exec. VP (Age 39)
  • Mr. John R. Kline, Pres & COO (Age 43)
  • Mr. Shiraz Y. Kajee CPA, Treasurer & CFO (Age 38)
  • Ms. Karrie J. Jerry, Chief Compliance Officer, & Corp. Sec.

Who are New Mountain Finance's major shareholders?

New Mountain Finance's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Round Table Services LLC (2.32%), LSV Asset Management (2.05%), Muzinich & Co. Inc. (1.44%), Bank of Montreal Can (0.99%), Dimension Capital Management LLC (0.82%) and Advisors Capital Management LLC (0.77%). Company insiders that own New Mountain Finance stock include Adam Weinstein, Alfred F Hurley Jr, 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.

Which major investors are selling New Mountain Finance stock?

NMFC stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Capital Fund Management S.A., Monument Capital Management, Allen Investment Management LLC, Advisors Asset Management Inc., Sumitomo Mitsui Asset Management Company LTD, Advisory Research Inc. and P.A.W. Capital Corp. View Insider Buying and Selling for New Mountain Finance.

Which major investors are buying New Mountain Finance stock?

NMFC stock was bought by a variety of institutional investors in the last quarter, including Cliffwater LLC, Dimension Capital Management LLC, Sanders Morris Harris LLC, Round Table Services LLC, Assenagon Asset Management S.A., Bank of Montreal Can, Marshall Wace LLP and GSA Capital Partners LLP. Company insiders that have bought New Mountain Finance stock in the last two years include Adam Weinstein, Alfred F Hurley Jr, 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.

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, Scottrade, Fidelity and Charles Schwab.

What is New Mountain Finance's stock price today?

One share of NMFC stock can currently be purchased for approximately $12.84.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $979.49 million and generates $197.81 million in revenue each year. The investment management company earns $109.39 million in net income (profit) each year or $1.29 on an earnings per share basis.

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:  1.8 out of 5 (star)
Outperform Votes:  150 (Vote Outperform)
Underperform Votes:  258 (Vote Underperform)
Total Votes:  408
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 12/15/2018 by MarketBeat.com Staff

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