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

Company Overview

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.

Key Stats

• Today's Range: $11.50 to $11.58
• 50-Day Range: $10.68 to $12.31
• 52-Week Range: $10.61 to $13.23
• Volume: 19,883 shs
• Average Volume: 420,995 shs
• Market Capitalization: $1.25 billion
• P/E Ratio: 11.03
• Dividend Yield: 11.05%
• Price Target: $11.00
• Consensus Rating: Hold

New Mountain Finance Stock Analysis - MarketRank™

New Mountain Finance scored higher than 51% of companies evaluated by MarketBeat, and ranked 615th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -5.76%

Earnings Growth

Earnings for New Mountain Finance are expected to decrease by -5.76% in the coming year, from $1.39 to $1.31 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of New Mountain Finance is 10.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of New Mountain Finance is 10.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.28.

Price to Book Value per Share Ratio

New Mountain Finance has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.96% 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 3.4, 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 decreased by 11.05%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

New Mountain Finance is a leading dividend payer. It pays a dividend yield of 11.02%, 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 121.91%. 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 97.71% in the coming year. This indicates that New Mountain Finance may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.96% 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 3.4, 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 decreased by 11.05%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: N/A

News Sentiment

New Mountain Finance has a news sentiment score of 0.26. 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 lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for New Mountain Finance this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for NMFC on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

10 people have added New Mountain Finance to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, New Mountain Finance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,090,846.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

10.22% 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.

NMFC Stock Analysis - Frequently Asked Questions

How have NMFC shares performed this year?

New Mountain Finance's stock was trading at $12.72 on January 1st, 2024. Since then, NMFC shares have decreased by 9.3% and is now trading at $11.54.
View the best growth stocks for 2024 here.

How were New Mountain Finance's earnings last quarter?

New Mountain Finance Co. (NASDAQ:NMFC) announced its quarterly earnings data on Wednesday, October, 30th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.01. The business's revenue was up 1.0% on a year-over-year basis.

Who are New Mountain Finance's major shareholders?

New Mountain Finance's top institutional shareholders include Cerity Partners LLC (3.55%), HighTower Advisors LLC (3.13%), Allspring Global Investments Holdings LLC (2.84%) and Van ECK Associates Corp (2.09%). Insiders that own company stock include Steven B Klinsky, Robert Hamwee, Adam Weinstein, John Kline, David Ogens, James Stone, Rome G Arnold III, Laura Holson Boswerger and Joseph Hartswell.
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.

What other stocks do shareholders of New Mountain Finance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New Mountain Finance investors own include Enterprise Products Partners (EPD), Energy Transfer (ET), AT&T (T), Ares Capital (ARCC), Hercules Capital (HTGC), Annaly Capital Management (NLY) and Prospect Capital (PSEC).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/30/2024
• Today: 11/21/2024
• Ex-Dividend for 12/31 Dividend: 12/17/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Investors, not elsewhere classified
• Sub-Industry: Financial Services
• 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: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -4.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.05
• Trailing P/E Ratio: 10.97
• Forward P/E Ratio: 8.29
• P/E Growth: N/A
• Net Income: $135.34 million
• Net Margins: 30.28%
• Pretax Margin: 31.03%
• Return on Equity: 11.25%
• Return on Assets: 4.63%

Debt

• Debt-to-Equity Ratio: 1.46
• Current Ratio: 2.23
• Quick Ratio: 2.23

Sales & Book Value

• Annual Sales: $374.84 million
• Price / Sales: 3.31
• Cash Flow: $1.48 per share
• Price / Cash Flow: 7.81
• Book Value: $13.13 per share
• Price / Book: 0.88

Miscellaneous

• Outstanding Shares: 107,850,000
• Free Float: 96,699,000
• Market Cap: $1.24 billion
• Optionable: Optionable
• Beta: 1.15