New Mountain Finance Corporation (NMFC)

NASDAQ: NMFC · Real-Time Price · USD
11.27
+0.09 (0.81%)
At close: Dec 20, 2024, 4:00 PM
11.26
-0.01 (-0.09%)
After-hours: Dec 20, 2024, 4:10 PM EST
0.81%
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]

Sector Financials
IPO Date May 20, 2011
Country United States
Stock Exchange NASDAQ
Ticker Symbol NMFC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$11.5
(2.04% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

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7 days ago - Seeking Alpha

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...

Other symbols: ABABRACREAPOARESARIBDN
8 days ago - GlobeNewsWire

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 ...

4 weeks ago - Seeking Alpha

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...

5 weeks ago - Seeking Alpha

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 ...

7 weeks ago - Seeking Alpha

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...

7 weeks ago - Business Wire

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 ...

7 weeks ago - Business Wire

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 ...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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...

4 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire

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...

7 months ago - Seeking Alpha

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...

8 months ago - Seeking Alpha

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...

8 months ago - Business Wire

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, ...

9 months ago - Business Wire

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...

9 months ago - Seeking Alpha

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

10 months ago - Seeking Alpha

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...

10 months ago - Business Wire

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 ...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

Other symbols: GBDCTPVGTRIN
1 year ago - Seeking Alpha