New Mountain Finance Corporation (NMFC)
Market Cap | 1.22B |
Revenue (ttm) | 373.51M |
Net Income (ttm) | 113.01M |
Shares Out | 107.85M |
EPS (ttm) | 1.04 |
PE Ratio | 10.85 |
Forward PE | 8.58 |
Dividend | $1.28 (11.36%) |
Ex-Dividend Date | Dec 17, 2024 |
Volume | 2,163,518 |
Open | 11.15 |
Previous Close | 11.18 |
Day's Range | 11.15 - 11.48 |
52-Week Range | 10.62 - 13.10 |
Beta | 1.19 |
Analysts | Hold |
Price Target | 11.50 (+2.04%) |
Earnings Date | Oct 30, 2024 |
About 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, eng... [Read more]
Financial Performance
In 2023, New Mountain Finance's revenue was $374.84 million, an increase of 27.22% compared to the previous year's $294.63 million. Earnings were $135.34 million, an increase of 81.10%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for NMFC stock is "Hold." The 12-month stock price forecast is $11.5, which is an increase of 2.04% from the latest price.
News
BDC Weekly Review: BDCs Have Overcome The August Dip
We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but...
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
New Mountain Finance: Time To Worry About The Dividend? (Downgrade)
New Mountain Finance lowered its supplemental dividend to $0.01 per share and paused the program due to falling net investment income. The dividend pay-out ratio rose to 97%, increasing the risk of a ...
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPV...
New Mountain Finance Corporation (NMFC) Q3 2024 Earnings Call Transcript
New Mountain Finance Corporation (NASDAQ:NMFC) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New ...
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended Septemb...
New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on October 23, 2024, the Company's board of directors authorized an extension ...
New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended September ...
New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $300 million in ag...
New Mountain Finance: You Can Get A 10% Yield Now
New Mountain Finance Corporation covered its $0.32 per share base dividend with adjusted net investment income and paid a $0.02 supplemental dividend in Q2. The company announced a reduction in its ba...
New Mountain Finance Corporation (NMFC) Q2 2024 Earnings Call Transcript
New Mountain Finance Corporation (NASDAQ:NMFC) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants John Kline - President, CEO & Director Kris Corbett - CFO & Treasurer S...
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2024
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended June 30...
New Mountain Finance Corporation Schedules its Second Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended June 30, 2...
New Mountain Finance: Strong 10% Yielding BDC Value Proposition (Rating Upgrade)
New Mountain Finance Corporation offers attractive total return potential and has been able to grow its dividend payments. NMFC stock is priced below net asset value and has upside potential in its Eq...
New Mountain Finance (NMFC) Q1 2024 Earnings Call Transcript
New Mountain Finance (NASDAQ:NMFC) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants John Kline - President and CEO Kris Corbett - CFO and Treasurer Steve Klinsky - Chairma...
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended March 3...
New Mountain Finance Corporation Schedules its First Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended March 31, ...
New Mountain Finance: 11% Yielding BDC
New Mountain Finance has paid 4 straight supplemental dividends in addition to its $.32 base dividend. Dividend coverage reached a record 1.23X in 2023. We compare New Mountain Finance to the BDC indu...
New Mountain Finance (NMFC) Q4 2023 Earnings Call Transcript
New Mountain Finance (NASDAQ:NMFC) Q4 2023 Results Conference Call February 27, 2024 10:00 AM ET
New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2023
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “NMFC,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter and y...
KBRA Assigns Rating to New Mountain Finance Corporation's $300 Million 6.875% Senior Unsecured Notes Due 2029
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a BBB- rating to New Mountain Finance Corporation's (NASDAQ: NMFC) ("New Mountain" or "the company") $300 million 6.875% senior unsecured ...
New Mountain Finance Corporation Prices Public Offering of $300 Million 6.875% Notes Due 2029
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $300 million in ag...
New Mountain Finance Corporation Announces Preliminary Estimates of Fourth Quarter 2023 Operating Results
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC”, “the Company”, “we” or “our”) today announced its preliminary estimates of its financial condition and results of op...
New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter and year ended D...
BDC Weekly Review: Is PIK A Cause For Concern?
We take a look at the action in business development companies through the third week of December and highlight some of the key themes we are watching. BDCs had a good week with a total return of arou...