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NASDAQ:NMFC

New Mountain Finance (NMFC) Stock Price, News & Analysis

$12.68
+0.09 (+0.71%)
(As of 03:30 PM ET)
Today's Range
$12.59
$12.79
50-Day Range
$12.25
$13.05
52-Week Range
$11.38
$13.23
Volume
579,610 shs
Average Volume
466,958 shs
Market Capitalization
$1.30 billion
P/E Ratio
10.14
Dividend Yield
10.09%
Price Target
$12.50

New Mountain Finance MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.4% Downside
$12.50 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of New Mountain Finance in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.27%
From $1.53 to $1.48 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.03 out of 5 stars

Finance Sector

739th out of 850 stocks

Investors, Not Elsewhere Classified Industry

7th out of 15 stocks

NMFC stock logo

About New Mountain Finance Stock (NASDAQ:NMFC)

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.

NMFC Stock Price History

NMFC Stock News Headlines

New Mountain Finance: 11% Yielding BDC
New Mountain Finance: 11% Yielding BDC
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Q4 2023 New Mountain Finance Corp Earnings Call
Recap: New Mountain Finance Q4 Earnings
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
New Mountain Finance reports Q4 results
Earnings Preview: New Mountain Finance
New Mountain Finance Corp
New Mountain Finance Corporation (NMFC)
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/21/2023
Dividend Payable
12/29/2023
Last Earnings
2/26/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:NMFC
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.50
High Stock Price Target
$12.50
Low Stock Price Target
$12.50
Potential Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$135.34 million
Pretax Margin
38.90%

Debt

Sales & Book Value

Annual Sales
$374.84 million
Cash Flow
$1.50 per share
Book Value
$13.13 per share

Miscellaneous

Free Float
92,364,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.13
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Key Executives

  • Mr. John R. Kline (Age 49)
    President, Director & CEO
  • Mr. Adam B. Weinstein CPA (Age 45)
    Chief Administrative Officer, Executive VP & Director
  • Mr. Kris Corbett (Age 48)
    CFO & Treasurer
  • Ms. Laura C. Holson (Age 37)
    Chief Operating Officer
  • Mr. Joseph Wesley Hartswell C.F.A. (Age 45)
    Chief Compliance Officer & Corporate Secretary
  • Mr. James W. Stone III
    Managing Director
  • Ms. Joy Y. Xu
    Managing Director
  • Mr. Joshua Brendan Porter
    Managing Director & Head of Credit Special Situations
  • Mr. Andre V. Moura (Age 42)
    Managing Director
  • Mr. Ivo D. Turkedjiev
    Managing Director

NMFC Stock Analysis - Frequently Asked Questions

Should I buy or sell New Mountain Finance stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Mountain Finance in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NMFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NMFC, but not buy additional shares or sell existing shares.
View NMFC analyst ratings
or view top-rated stocks.

What is New Mountain Finance's stock price target for 2024?

1 Wall Street analysts have issued 1-year target prices for New Mountain Finance's stock. Their NMFC share price targets range from $12.50 to $12.50. On average, they anticipate the company's share price to reach $12.50 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for NMFC
or view top-rated stocks among Wall Street analysts.

How have NMFC shares performed in 2024?

New Mountain Finance's stock was trading at $12.72 on January 1st, 2024. Since then, NMFC shares have decreased by 0.3% and is now trading at $12.68.
View the best growth stocks for 2024 here
.

Are investors shorting New Mountain Finance?

New Mountain Finance saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 1,730,000 shares, a decline of 22.4% from the February 29th total of 2,230,000 shares. Based on an average daily volume of 460,400 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.0% of the shares of the company are short sold.
View New Mountain Finance's Short Interest
.

When is New Mountain Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our NMFC earnings forecast
.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Co. (NASDAQ:NMFC) announced its quarterly earnings results on Monday, February, 26th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business earned $92.80 million during the quarter, compared to analyst estimates of $94.03 million. New Mountain Finance had a net margin of 36.13% and a trailing twelve-month return on equity of 11.93%. During the same period last year, the company posted $0.35 EPS.

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 Tuesday, January 30th. Investors of record on Friday, March 15th will be given a dividend of $0.36 per share on Friday, March 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for NMFC
.

Is New Mountain Finance a good dividend stock?

New Mountain Finance (NASDAQ:NMFC) pays an annual dividend of $1.28 per share and currently has a dividend yield of 10.35%. NMFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 102.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NMFC will have a dividend payout ratio of 86.49% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NMFC.

What ETFs hold New Mountain Finance's stock?

ETFs with the largest weight of New Mountain Finance (NASDAQ:NMFC) stock in their portfolio include GraniteShares HIPS US High Income ETF (HIPS), VanEck BDC Income ETF (BIZD) and ProShares Global Listed Private Equity ETF (PEX).Virtus Private Credit Strategy ETF (VPC).

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

New Mountain Finance updated its fourth quarter 2023 earnings guidance on Thursday, January, 18th. The company provided earnings per share (EPS) guidance of 0.390-0.400 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of -.

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 Cerity Partners LLC (3.52%), Allspring Global Investments Holdings LLC (3.03%), LSV Asset Management (2.52%), Van ECK Associates Corp (1.54%), Legal & General Group Plc (0.78%) and International Assets Investment Management LLC (0.42%). Insiders that own company stock include Adam Weinstein, David Ogens, James Stone, John Kline, Joseph Hartswell, Laura Holson Boswerger, Robert Hamwee, Rome G Arnold III and Steven B Klinsky.
View institutional ownership trends
.

How do I buy shares of New Mountain Finance?

Shares of NMFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NMFC) was last updated on 3/28/2024 by MarketBeat.com Staff

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