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 year. 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 brokers have issued 12 month target prices for New Mountain Finance's shares. 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 twelve months. This suggests a possible upside of 0.9% from the stock's current price. 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 at the beginning of 2024. Since then, NMFC shares have decreased by 2.6% and is now trading at $12.39. View the best growth stocks for 2024 here .

When is New Mountain Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our NMFC earnings forecast .

How can I listen to New Mountain Finance's earnings call?

New Mountain Finance will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7036283".

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Co. (NASDAQ:NMFC) released its earnings results on Monday, February, 26th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm earned $92.80 million during the quarter, compared to the consensus estimate of $94.03 million. New Mountain Finance had a trailing twelve-month return on equity of 11.93% and a net margin of 36.13%. 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 declared a quarterly dividend on Tuesday, January 30th. Shareholders of record on Friday, March 15th will be paid 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 11.62%. The ex-dividend date of this dividend 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 10.30%. 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 Virtus Private Credit Strategy ETF (VPC) . ProShares Global Listed Private Equity ETF (PEX) .

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

New Mountain Finance issued an update on 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 retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.39%), Stableford Capital II LLC (0.04%) and Sanders Morris Harris LLC (0.02%). 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 .

NASDAQ:NMFC

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

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Free NMFC Stock Alerts

$12.39

-0.04 (-0.32%)

(As of 04/15/2024 ET)

Compare

Today's Range: $12.33
▼
$12.57
50-Day Range: $12.25
▼
$12.94
52-Week Range: $11.38
▼
$13.23

Volume: 231,555 shs
Average Volume: 364,278 shs
Market Capitalization: $1.32 billion

P/E Ratio: 9.91
Dividend Yield: 10.33%
Price Target: $12.50

Get New Mountain Finance alerts:

New Mountain Finance MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.9% Upside
$12.50 Price Target
Short Interest: Healthy
2.02% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.26
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.

1.23 out of 5 stars

Finance Sector

777th out of 873 stocks

Investors, Not Elsewhere Classified Industry

7th out of 15 stocks

1.0

Analyst's Opinion

Consensus Rating
New Mountain Finance has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
New Mountain Finance has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.02% of the float of New Mountain Finance has been sold short.
Short Interest Ratio / Days to Cover
New Mountain Finance has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New Mountain Finance has recently increased by 1.73%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
New Mountain Finance is a leading dividend payer. It pays a dividend yield of 10.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
New Mountain Finance does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of New Mountain Finance is 102.40%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, New Mountain Finance will have a dividend payout ratio of 86.49% in the coming year. This indicates that New Mountain Finance may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NMFC.

3.5

News and Social Media Coverage

News Sentiment
New Mountain Finance has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for New Mountain Finance this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for NMFC on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
7 people have added New Mountain Finance to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Mountain Finance insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.34% of the stock of New Mountain Finance is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 32.08% of the stock of New Mountain Finance is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for New Mountain Finance are expected to decrease by -3.27% in the coming year, from $1.53 to $1.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Mountain Finance is 9.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Mountain Finance is 9.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.38.
Price to Book Value per Share Ratio
New Mountain Finance has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

NMFC Stock News Headlines

April 9, 2024 | investorplace.com

Billionaire Bargain Bin: 3 Stocks the Forbes 400 Loves (That You've Never Heard Of)

April 4, 2024 | yahoo.com

Stone Mountain Community Garden

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

April 3, 2024 | businesswire.com

New Mountain Finance Corporation Schedules its First Quarter 2024 Earnings Release and Conference Call

March 29, 2024 | wsj.com

New Mountain Finance Corp.

March 24, 2024 | seekingalpha.com

New Mountain Finance: 11% Yielding BDC

March 24, 2024 | seekingalpha.com

New Mountain Finance: 11% Yielding BDC

February 28, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Bank of New York Mellon Corporation (BK), Capital One Financial (COF) and New Mountain Finance (NMFC)

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

February 28, 2024 | finance.yahoo.com

New Mountain Finance Corporation (NASDAQ:NMFC) Q4 2023 Earnings Call Transcript

February 28, 2024 | finance.yahoo.com

Q4 2023 New Mountain Finance Corp Earnings Call

February 27, 2024 | msn.com

New Mountain Finance declares $0.32 dividend & supplemental distribution of $0.04

February 26, 2024 | benzinga.com

Recap: New Mountain Finance Q4 Earnings

February 26, 2024 | msn.com

New Mountain Finance reports Q4 results

February 26, 2024 | finance.yahoo.com

New Mountain Finance Corp Reports Steady Earnings Amid Economic Headwinds

February 26, 2024 | businesswire.com

New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2023

February 25, 2024 | markets.businessinsider.com

Here's what Wall Street expects from New Mountain Finance's earnings report

February 23, 2024 | msn.com

New Mountain Finance Q4 2023 Earnings Preview

February 23, 2024 | benzinga.com

Earnings Preview: New Mountain Finance

February 15, 2024 | morningstar.com

New Mountain Finance Corp

February 9, 2024 | msn.com

New Mountain Finance Signs Key Financial Amendment

February 9, 2024 | msn.com

New Mountain Finance Establishes New Financial Obligation

February 2, 2024 | msn.com

New Mexico State football releases 2024 schedule

February 2, 2024 | msn.com

New Mountain Finance Secures $300M in Notes Due 2029

January 26, 2024 | finance.yahoo.com

KBRA Assigns Rating to New Mountain Finance Corporation's $300 Million 6.875% Senior Unsecured Notes Due 2029

January 25, 2024 | msn.com

New Mountain Finance prices $300M notes offering

January 25, 2024 | finance.yahoo.com

New Mountain Finance Corporation Prices Public Offering of $300 Million 6.875% Notes Due 2029

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Investors, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:NMFC
CUSIP: N/A
CIK: 1496099
Web: www.newmountainfinance.com
Phone: (212) 720-0300
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: +0.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.25
Trailing P/E Ratio: 9.91
Forward P/E Ratio: 8.10
P/E Growth: N/A
Net Income: $135.34 million
Net Margins: 36.13%
Pretax Margin: 38.90%
Return on Equity: 11.93%
Return on Assets: 4.86%

Debt

Debt-to-Equity Ratio: 1.34
Current Ratio: 2.92
Quick Ratio: 2.92

Sales & Book Value

Annual Sales: $374.84 million
Price / Sales: 3.51
Cash Flow: $1.47 per share
Price / Cash Flow: 8.41
Book Value: $13.13 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 106,290,000
Free Float: 95,299,000
Market Cap: $1.32 billion
Optionable: Optionable
Beta: 1.13

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Key Executives

Mr. John R. Kline (Age 49)
President, CEO & Director
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 38)
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 year. 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 brokers have issued 12 month target prices for New Mountain Finance's shares. 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 twelve months. This suggests a possible upside of 0.9% from the stock's current price.
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 at the beginning of 2024. Since then, NMFC shares have decreased by 2.6% and is now trading at $12.39.
View the best growth stocks for 2024 here.
When is New Mountain Finance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our NMFC earnings forecast.
How can I listen to New Mountain Finance's earnings call?: New Mountain Finance will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7036283".
How were New Mountain Finance's earnings last quarter?: New Mountain Finance Co. (NASDAQ:NMFC) released its earnings results on Monday, February, 26th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm earned $92.80 million during the quarter, compared to the consensus estimate of $94.03 million. New Mountain Finance had a trailing twelve-month return on equity of 11.93% and a net margin of 36.13%. 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 declared a quarterly dividend on Tuesday, January 30th. Shareholders of record on Friday, March 15th will be paid 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 11.62%. The ex-dividend date of this dividend 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 10.30%. 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 Virtus Private Credit Strategy ETF (VPC).ProShares Global Listed Private Equity ETF (PEX).
What guidance has New Mountain Finance issued on next quarter's earnings?: New Mountain Finance issued an update on 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 retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.39%), Stableford Capital II LLC (0.04%) and Sanders Morris Harris LLC (0.02%). 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 4/16/2024 by MarketBeat.com Staff

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

New Mountain Finance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About New Mountain Finance Stock (NASDAQ:NMFC)

NMFC Stock Price History

NMFC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NMFC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™