Financial Services -
Asset Management - NASDAQ - US
$ 9.33
-6.7 %
$ 1.01 B
Market Cap
9.06
P/E
1. INTRINSIC VALUE
Balance Sheet
New Mountain Finance Corporation
| Current Assets | 123 M |
| Cash & Short-Term Investments | 80.3 M |
| Receivables | 42.4 M |
| Other Current Assets | 0 |
| Non-Current Assets | 3.09 B |
| Long-Term Investments | 3.09 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 300 M |
| Accounts Payable | 20.3 M |
| Short-Term Debt | 260 M |
| Other Current Liabilities | 19.1 M |
| Non-Current Liabilities | 1.63 B |
| Long-Term Debt | 300 M |
| Other Non-Current Liabilities | 1.33 B |
EFFICIENCY
Earnings Waterfall
New Mountain Finance Corporation
| Revenue | 372 M |
| Cost Of Revenue | 0 |
| Gross Profit | 372 M |
| Operating Expenses | 6.42 M |
| Operating Income | 365 M |
| Other Expenses | 252 M |
| Net Income | 113 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
New Mountain Finance Corporation
| Net Income | 113 M |
| Depreciation & Amortization | -15.8 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 824 K |
| Others | 55.5 M |
| Free Cash Flow | 42 M |
Wall Street Analysts Price Targets
New Mountain Finance Corporation
NMFC has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.32 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
New Mountain Finance Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
15.5 K USD 1
Bought
227 K USD 1
0-3 MONTHS
15.7 M USD 4
3-6 MONTHS
76.2 K USD 1
6-9 MONTHS
44.2 K USD 1
9-12 MONTHS
7. News
Yield Hunting Part 14: New Mountain Finance's Baby Bond And Its 6.5% Yield To Worst
We present low-duration BDC bonds, highlighting NMFCZ with an 8.16% yield to maturity, 3.66 years to maturity, and a Baa3 credit rating. NMFCZ offers higher yields compared to top-tier BDCs, despite lower credit quality, making it a safer investment option among exchange-traded baby bonds. NMFC's Baa3 rating reflects its 14-year history, credit expertise, low duration, lower first-lien investments and higher non-accrual investments.
seekingalpha.com
- 3 weeks ago
New Mountain Finance: Not The BDC For Me, Strong Sell
Adding Business Development Company assets post-Covid became crucial; I currently hold Ares Capital and Hercules Capital for their high yields and positive returns. New Mountain Finance specializes in defensive growth industries, but its EPS for 2024 is 30% less than in 2017. NMFC's dividends haven't grown over the past decade, and its Book Value has decreased, earning it a Strong Sell rating.
seekingalpha.com
- 1 month ago
New Mountain Finance Corporation (NMFC) Q4 2024 Earnings Call Transcript
New Mountain Finance Corporation (NASDAQ:NMFC ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New Mountain Capital Laura Holson - Chief Operating Officer Kris Corbett - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Operator Good day, and welcome to the New Mountain Finance Corporation's Fourth Quarter 2024 Earnings Call. All participants will be in a listen-only mode.
seekingalpha.com
- 1 month ago
New Mountain Finance (NMFC) Q4 Earnings and Revenues Lag Estimates
New Mountain Finance (NMFC) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.40 per share a year ago.
zacks.com
- 1 month ago
New Mountain Finance Corporation Announces December 31, 2024 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 and year ended December 31, 2024. Fourth Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.55 per share compared to $12.62 per share as of September 30, 2024 Sustained strong credit performance with approximately 97% of the portfoli.
businesswire.com
- 1 month ago
New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 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 and year ended December 31, 2024 on Wednesday, February 26, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, February 27, 2025. During the live conference call, the Company's officers will review the fourth quarter and year ended December.
businesswire.com
- 2 months ago
New Mountain Finance: Lack Of Investment Diversity Hurts Potential
NMFC's high dividend yield is attractive, but declining earnings and portfolio vulnerabilities raise concerns about sustainability and overall attractiveness. NMFC's portfolio lacks industry diversity, making it more vulnerable to sector-specific downturns, despite having a significant portion in senior secured debt. The current discount to NAV and potential interest rate cuts may offer a favorable entry point, but caution is advised due to ongoing risks.
seekingalpha.com
- 3 months ago
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 are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.
seekingalpha.com
- 4 months ago
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 Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
globenewswire.com
- 4 months ago
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 future dividend cut in a falling-rate environment. The stock is now rated 'Hold' due to the narrower margin of safety and anticipated lower net investment income.
seekingalpha.com
- 4 months ago
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; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
seekingalpha.com
- 4 months ago
These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income
24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income.
247wallst.com
- 5 months ago
8. Profile
Summary
New Mountain Finance Corporation NMFC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 1.01 B
Dividend Yield
0.00%
Description
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, 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 $50 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 and target investments up to a $125 million hold size. The fund seeks a majority stake in its portfolio companies.
Contact
787 Seventh Avenue, New York, NY, 10019
https://www.newmountainfinance.com
IPO
Date
May 20, 2011
Employees
0
Officers
Mr. Kris Eric Corbett
Chief Financial Officer & Treasurer
Mr. Joseph Wesley Hartswell C.F.A.
Chief Compliance Officer
Ms. Linda Chiu CPA
Managing Director
Mr. Adam B. Weinstein CPA
Chief Administrative Officer, Executive Vice President & Director
Ms. Laura C. Holson Boswerger
Chief Operating Officer
Mr. Joshua Weinstein
Senior Accounting Manager
Mr. Joshua Brendan Porter
Managing Director & Head of Credit Special Situations
Mr. John R. Kline
President, Chief Executive Officer & Director
Mr. Eric Kane
Credit Legal Counsel & Corporate Secretary
Mr. James W. Stone III
Managing Director