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NYSE:NMFCNew Mountain Finance Stock Price, Forecast & News

$9.06
-0.22 (-2.37 %)
(As of 07/8/2020 04:00 PM ET)
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Today's Range
$9.06
Now: $9.06
$9.34
50-Day Range
$8.50
MA: $9.41
$10.45
52-Week Range
$4.62
Now: $9.06
$14.45
Volume302,900 shs
Average Volume566,125 shs
Market Capitalization$877.28 million
P/E RatioN/A
Dividend Yield13.24%
Beta1.17
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$877.28 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NMFC stock has decreased by 20.0% and is now trading at $9.06. 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) released its quarterly earnings data on Wednesday, May, 6th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The investment management company earned $74.08 million during the quarter, compared to analysts' expectations 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. Investors 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 yield of 13.25%. The ex-dividend date of this dividend is Monday, June 15th. View New Mountain Finance's dividend history.

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

New Mountain Finance issued an update on its second quarter earnings guidance on Wednesday, June, 24th. The company provided earnings per share (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 brokers have issued 1-year target prices for New Mountain Finance's stock. Their forecasts range from $9.00 to $14.75. On average, they expect New Mountain Finance's stock price to reach $12.31 in the next year. This suggests a possible upside of 35.9% from the stock's current price. View analysts' price targets for New Mountain Finance.

Has New Mountain Finance been receiving favorable news coverage?

Media coverage about NMFC stock has been trending negative on Thursday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. New Mountain Finance earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines 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 future. View the latest news about New Mountain Finance.

Are investors shorting New Mountain Finance?

New Mountain Finance saw a increase in short interest in June. As of June 15th, there was short interest totaling 2,440,000 shares, an increase of 7.5% from the May 31st total of 2,270,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.9% of the company's shares are short sold. View New Mountain Finance's Current Options Chain.

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 Confluence Investment Management LLC (0.54%) and Envestnet Asset Management Inc. (0.06%). 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 Confluence Investment Management LLC. 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 Envestnet Asset Management Inc.. 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 $9.06.

How big of a company is New Mountain Finance?

New Mountain Finance has a market capitalization of $877.28 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 7/9/2020 by MarketBeat.com Staff

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