New Mountain Finance Corporation (NMFC)

NASDAQ: NMFC · IEX Real-Time Price · USD
12.25
-0.10 (-0.77%)
Jul 19, 2024, 10:52 AM EDT - Market open
-0.77%
Market Cap 1.32B
Revenue (ttm) 373.44M
Net Income (ttm) 118.18M
Shares Out 107.85M
EPS (ttm) 1.11
PE Ratio 11.12
Forward PE 8.62
Dividend $0.64 (5.19%)
Ex-Dividend Date Jun 14, 2024
Volume 45,712
Open 12.27
Previous Close 12.34
Day's Range 12.25 - 12.29
52-Week Range 12.12 - 13.23
Beta 1.19
Analysts Hold
Price Target 12.50 (+2.08%)
Earnings Date Jul 31, 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, NMFC'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 one analyst, the rating for NMFC stock is "Hold" and the 12-month stock price forecast is $12.5.

Price Target
$12.5
(2.08% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

17 days ago - Business Wire

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...

2 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, ...

3 months ago - Business Wire

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...

5 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 ...

6 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...

6 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...

6 months 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...

6 months ago - Business Wire

New Mountain Finance Corporation Declares a Special Distribution and 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 December 8, 2023, its board of directors declared a special distribution of...

7 months ago - Business Wire

Private credit is booming in Wall Street: 3 stocks to buy

For a long time, private equity was the hottest thing in Wall Street. Now, with interest rates sitting at their highest level in 2 decades, the private equity industry is being challenged by private c...

Other symbols: APOOWL
8 months ago - Invezz

Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says

Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector wi...

8 months ago - Market Watch

New Mountain Finance Corporation Appoints Kris Corbett as Chief Financial Officer

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain”), the publicly traded credit BDC arm of New Mountain Capital, today announced the appointment of Kris Corbett...

8 months ago - Business Wire

New Mountain Finance Corporation Prices Public Offering of $115.0 Million 8.250% Notes Due 2028

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 $115.0 million in ...

9 months ago - Business Wire

New Mountain Finance Corporation Announces Third Quarter Financial Results

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...

9 months ago - Business Wire

New Mountain Finance Corporation Schedules its Third Quarter 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 ended September ...

10 months ago - Business Wire

New Mountain Finance Corporation Announces Second Quarter Financial Results

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...

1 year ago - Business Wire

New Mountain Finance Corporation Announces Board Appointment

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain”) today announced that Barbara Daniel has joined its Board of Directors (the “Board”) as an independent direct...

1 year ago - Business Wire

New Mountain Finance Corporation Schedules its Second Quarter 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 ended June 30, 2...

1 year ago - Business Wire

New Mountain Finance Corporation Announces First Quarter Financial Results

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...

1 year ago - Business Wire

New Mountain Finance Corporation Schedules its First Quarter 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 ended March 31, ...

1 year ago - Business Wire

New Mountain Finance Corporation Prices Reopening of $60 Million of 7.50% Convertible Notes Due 2025

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company”) (NASDAQ: NMFC) announced today the pricing of an additional $60 million in aggregate principal amount of 7.50% convertible n...

1 year ago - Business Wire

New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2022

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 and year ende...

1 year ago - Business Wire

New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2022 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 financial results for the quarter and year ended Dec...

1 year ago - Business Wire

New Mountain Finance Corporation Extends Stock Repurchase Program

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on December 22, 2022 its board of directors authorized an extension of a pre...

1 year ago - Business Wire

New Mountain Finance Corporation Announces Completion of Offering of $200 Million of 7.50% Convertible Notes due 2025

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company”) (NASDAQ: NMFC) announced today the completion of an offering of $200.0 million in aggregate principal amount of its 7.50% co...

1 year ago - Business Wire