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NEW MOUNTAIN FINANCE CORPORATION (NASD: NMFC)
Last Trade
4:00 p.m. - 11.80
Change
 0.01 ( 0.09%)
Shares Traded
1,626
Day's Volume
231,908
Book Value
NA
Price/Book
NA
Beta
0.8468
Day's Range
11.71 - 11.855
Prev Close
11.79
Open
11.71
52 Wk Range
4.62 - 14.45
EPS
1.32
PE
8.94
Quarterly Div/Shr
0.30
Ex-Div
12/15/20
Yield
10.17%
Shares Out.
96.83M
Market Cap.
1.14B
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in NMFC

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Related news from
Wed, 06 Jan 2021
21:39:00 +0000
New Mountain Finance Corporation Schedules its Fourth Quarter 2020 Earnings Release and Dividend Announcement
New Mountain Finance Corporation Schedules its Fourth Quarter 2020 Earnings Release and Dividend Announcement
Mon, 04 Jan 2021
22:00:00 +0000
New Mountain Finance Corporation Extends Share Repurchase Program
New Mountain Finance Corporation Extends Share Repurchase Program
Mon, 14 Dec 2020
15:10:43 +0000
Analyzing New Mountain Finance's Ex-Dividend Date
New Mountain Finance (NASDAQ:NMFC) declared a dividend payable on December 30, 2020 to its shareholders as of October 28, 2020. It was also announced that shareholders of New Mountain Finance's stock as of December 16, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for New Mountain Finance is set for December 15, 2020. The company's current dividend payout sits at $0.3, equating to a dividend yield of 12.7% at current price levels.The Significance Of An Ex-Dividend Date Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.New Mountain Finance's Dividend History Over the past year, New Mountain Finance has seen its dividend payouts descend downward and yields trend upward. Last year on December 12, 2019 the company's payout sat at $0.34, which has since decreased by $0.04. New Mountain Finance's dividend yield last year was 9.96%, which has since grown by 2.74%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on New Mountain Finance click here.See more from Benzinga * Click here for options trades from Benzinga * Ex-Dividend Date Insight: Intertape Polymer Group * Preview: CooTek (Cayman)'s Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 11 Dec 2020
02:24:09 +0000
Is NMFC A Good Stock To Buy Now?
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 817 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
Wed, 11 Nov 2020
19:05:07 +0000
New Mountain Finance (NMFC) Q3 Earnings Meets Estimates (Revised)
New Mountain (NMFC) delivered earnings and revenue surprises of 0% and 0.09%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Thu, 05 Nov 2020
00:55:12 +0000
New Mountain Finance (NMFC) Q3 Earnings Miss Estimates
New Mountain (NMFC) delivered earnings and revenue surprises of -3.33% and 0.09%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Wed, 04 Nov 2020
22:00:00 +0000
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2020
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2020
Wed, 28 Oct 2020
16:32:04 +0000
Earnings Preview: New Mountain Finance (NMFC) Q3 Earnings Expected to Decline
New Mountain (NMFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fri, 09 Oct 2020
16:49:43 +0000
3 “Strong Buy” Dividend Stocks Yielding Over 9%
If the stock market’s ups and downs this year have taught us any enduring lesson, it’s a repeat of an old stand-by: the importance of setting up a steady income stream, to keep the portfolio profitable no matter how the individual shares move. Dividends are a key part of any investment income strategy, giving investors a reliable income when it’s needed most.All dividends are not created equal, however. Investors should seek out companies with one of two advantage – or preferably both: a commitment to maintaining the dividend, and a high yield. The second is not hard to find, considering the Federal Reserve’s policy of keeping interest rates near zero, while the first attribute may take some research.With all of that in mind, we’ve opened up the Stock Screener tool from TipRanks, a company that tracks and measures the performance of analysts, to find stocks with high dividend yields. Setting the screener filters to show stocks with "strong buy" consensus rating and a high dividend yields exceeding 9% gave us a manageable list of stocks. We’ve picked three to focus on.New Mountain Finance Corporation (NMFC)The first stock on the list is New Mountain Finance, in the business development niche. New Mountain invests in debt securities, including first and second lien notes and mezzanine securities. The Company's portfolio includes public and private equity and credit funds with a total worth well north of $28 billion.The company reported 30 cents per share in net investment income for the second quarter, down 4 cents sequentially. At the top line, revenues came in at $76 million, a healthy turnaround from the first quarter revenue loss of $174 million. As far as the data can show, New Mountain has turned around from the coronavirus losses incurred early in the year.New Mountain kept its dividend payment stable in the second quarter, at 30 cents per common share. At the current level, the $1.20 annualized payout gives a high yield of 11.5%.Wells Fargo analyst Finian O’Shea is comfortable with NMFC’s dividend policy, writing, “Having reduced its $0.34 dividend to $0.30 last quarter, coverage appears solid after the BDC has sustained its impact from nonaccruals, de-leveraging and LIBOR…”O’Shea believes NMFC shares have room to rise, noting: "NMFC trades at 0.82x, about in-line with the WFBDC Index despite its history of top-quartile returns, improved leverage profile and portfolio level performance so far through today’s recessionary environment."To this end, O’Shea rates NMFC an Overweight (i.e. Buy), and his $11.25 price target suggests it has a nearly 14% upside potential for the coming year. (To watch O’Shea’s track record, click here)Overall, the Wall Street consensus on NMFC is a Strong Buy, based on 4 reviews including 3 Buys and 1 Hold. The shares are selling for $9.88, and the average price target of $10.92 implies a one-year upside of 11% for the stock. (See NMFC stock analysis on TipRanks)Plains GP Holdings (PAGP)Next on our list, Plains GP, is a holding company in the oil and gas midstream sector. Plains’ assets move oil and gas products from the well heads to the storage facilities, refineries, and transport hubs. The company’s operations move more than 6 million barrels of oil equivalent daily, in a network extending to the Texas oil patch and the Gulf Coast. Plains also has assets in California and the Appalachian natural gas fields.The crisis in the first half of this year put heavy pressure on Plains’ revenue and earnings. By Q2, revenue was down by two-thirds, to $3.2 billion, and EPS had fallen to just 9 cents. As part of its response, Plains slashed its dividend by half – from 36 cents per common share to 18 cents. The cut was made to keep the dividend within the distributable cash flow, affordable for the company – and kept up for shareholders. Looking at numbers, PAGP's dividend payment offers investors a yield of 11.7%, almost 6x higher than the average yield among S&P 500-listed companies.Tristan Richardson, covering the stock for Truist, sees Plains in a good spot at present. Noting the difficulties faced earlier in the year, he writes, “Despite cautious notes on recovery and general industry commentary that reflects the tepid growth environment, Plains remains among best positioned, in our view, amongst volumetrically sensitive business as a dominant Permian operator… We believe the units/shares should find some support over the near term on … the inflection to positive free cash flow and gradual de-levering.”Richardson gives this stock a Buy rating and $12 price target, indicating an impressive potential upside of 80% for the next 12 months. (To watch Richardson’s track record, click here)The Strong Buy analyst consensus rating on PAGP is unanimous, based on 5 recent reviews, all Buys. The stock has an average price target of $11, implying an upside of 65% from the current share price of $6.82. (See PAGP stock analysis on TipRanks)Sixth Street Specialty Lending (TSLX)The last company on our list recently underwent a name change; in June, it dropped its old name TPG in favor of Sixth Street. The ticker and stock history remain the same, however, so the difference for investors is in the letterhead. Sixth Street continues the core business of providing credit and capital for mid-market companies, helping to fund America’s small and medium enterprise niche.The economic difficulties of the corona crisis were easily visible in this company’s top line. Revenue was negative in Q1, due to a curtailment in loan collections and reduction in interest income, although earnings remained positive. In Q2, EPS rose to 59 cents per share, meeting the forecast, and revenues returned to positive numbers, at $103 million.Sixth Street adjusted its dividend during the crisis, but that move did not raise any eyebrows. The company has a long history of dividend payment adjustments, regularly making changes to the common stock dividend in order to keep it in line with earnings, and giving supplemental dividends when possible. The current regular payment is set at 41 cents, annualizing to $1.64, and giving a strong yield of 9.45%.JMP analyst Christopher York believes that Sixth Street has as solid position in its niche, noting, “…we think the company has historically proven, and subsequently earned investor trust and credibility to underwrite and structure complex and special situation investments to achieve attractive risk-adjusted returns.”Regarding the dividend, York is optimistic about the future, writing, “[The] supplemental dividend is likely to return following two quarters of no distributions as a result of the mechanics of the supplemental dividend framework…”In line with his positive outlook for the company, York rates the stock as Outperform (i.e. Buy), and his $20 price target indicates confidence in a 15% upside potential. (To watch York’s track record, click here)This stock has another unanimous Strong Buy consensus rating, with 5 recent Buy reviews. The stock’s current share price is $17.33 and the average price target of $19.30 suggests it has room for 11% share price growth ahead of it. (See TSLX stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Fri, 02 Oct 2020
21:00:00 +0000
New Mountain Finance Corporation Schedules its Third Quarter 2020 Earnings Release and Dividend Announcement
NMFC today announced that it will release its financial results for the quarter ended September 30, 2020
Tue, 01 Sep 2020
20:38:00 +0000
New Mountain Finance Corporation Announces Transfer of Listing from the New York Stock Exchange to the NASDAQ Global Select Market
New Mountain Finance Corporation Announces Transfer of Listing from the New York Stock Exchange to the NASDAQ Global Select Market
Wed, 05 Aug 2020
20:22:00 +0000
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2020
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2020
Wed, 29 Jul 2020
16:33:04 +0000
Earnings Preview: New Mountain Finance (NMFC) Q2 Earnings Expected to Decline
New Mountain (NMFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tue, 21 Jul 2020
12:30:00 +0000
Kaskela Law LLC Announces Investigation of New Mountain Finance Corporation and Encourages Investors to Contact the Firm - NMFC
PHILADELPHIA, PA / ACCESSWIRE / July 21, 2020 / Kaskela Law LLC announces that it is investigating New Mountain Finance Corporation (NYSE:NMFC) ("NMFC" or the "Company") on behalf of the Company's investors.
Wed, 08 Jul 2020
12:30:00 +0000
New Mountain Finance Corporation Schedules its Second Quarter 2020 Earnings Release and Dividend Announcement
New Mountain Finance Corporation Schedules its Second Quarter 2020 Earnings Release and Dividend Announcement
Wed, 01 Jul 2020
03:48:18 +0000
Here is What Hedge Funds Think About New Mountain Finance Corp. (NMFC)
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Fri, 26 Jun 2020
14:00:02 +0000
Can Value Investors Pick New Mountain Finance (NMFC) Stock?
Is New Mountain Finance (NMFC) a great pick from the value investor's perspective right now? Read on to know more.
Thu, 25 Jun 2020
15:32:20 +0000
Edited Transcript of NMFC.N earnings conference call or presentation 7-May-20 2:00pm GMT
Q1 2020 New Mountain Finance Corp Earnings Call
Tue, 09 Jun 2020
14:58:03 +0000
3 “Strong Buy” Dividend Stocks Yielding at Least 8%
The rally we've experienced in the stock markets has become something of a sensation. The rebound has been substantial, with the S&P 500 rising almost 34% from its March 23 trough.Even in the current buying mood, however, there are plenty of investors who want a cautious strategy. They believe that the future is uncertain, that given the combination of coronavirus, social unrest, and a Presidential election year, there is no way to truly predict market behavior. They are not necessarily wrong, but even the most cautious investors can develop a bullish strategy.With plenty of evidence for both the bulls and the bears, the smart play now is to buy into rising dividend stocks, shoring up the portfolio for whatever lies ahead. The advantage of such a fundamentally defensive strategy is obvious: stocks that are rising now will bring the immediate gains of share appreciation, while strong dividends will provide a steady income stream regardless of market conditions.Using TipRanks database, we’ve found three dividend stocks that are yielding at least 8%, and are backed by enough analysts to earn a “Strong Buy” consensus rating. Magellan Midstream Partners (MMP)The first stock we’ll look at here is Magellan Midstream. This Oklahoma-based company is major player in the oil and gas industry, with a market cap over $10 billion and an asset map that touches on most states east of the Rocky Mountains. Magellan transports both refined products and crude oil through a network of pipelines and terminals, including Gulf Coast marine terminals connecting to the export trade.The importance of midstream to the energy industry helped insulate Magellan from the economic downturn in Q1, and while earnings slipped sequentially, they still came in 24% above expectations. The $1.28 reported marked the fifth quarter in a row that MMP beat the earnings forecast. At the same time, the outlook for Q2 is less rosy, at just 73 cents per share.Last month, Magellan priced a $500 million issue of senior notes, due in ten years. These notes will help pay down higher interest debt that comes due next year, and improves the company’s liquidity position, important points in uncertain economic times. The new debt carries interest of 3.25%, a significant reduction in the company’s debt service payments.In addition to improving liquidity, MMP management also recently declared the $1.0275 per share quarterly dividend. This payment is the same as the previous quarter’s, which makes sense as the company has a pattern of raising the dividend every other quarter. At $4.11 annualized, the dividend yield is 8.58%.Wells Fargo analyst Praneeth Satish sees MMP as a reliable choice for dividend investors, writing, “The company intends to maintain the current quarterly distribution for the rest of the year... In the interim, MMP remains well positioned given its strong balance sheet and liquidity position, and ratable cash flow stream, in our view.”Satish rates the stock a Buy, and his $54 price target implies an upside potential of 14% for the year. (To watch Satish’s track record, click here)Magellan’s Strong Buy analyst consensus rating is based on no fewer than 14 Buys set in recent weeks, along with 3 Holds. Some caution is evident in the average price target, which at $49.82 represents a 6.5% premium from the $46.77 trading price. (See Magellan stock analysis on TipRanks)New Mountain Finance (NMFC)Next up, New Mountain Finance, is a business development corporation. The company controls a portfolio of credit funds and public and private equity worth over $20 billion. Earnings on the company’s portfolio actually increased in Q1, rising from 32 to 34 cents per share. The Q1 number beat expectations by over 6%.In a nod to the current corona crisis, management lowered the quarterly dividend from 34 cents to 30 cents, but even the lower dividend still gives an annualized yield above 11.92%. Investors can also note that company officers – the insiders, if you will – have been on a buying spree lately. Their sentiment on NMFC is strongly positive, and insiders have purchased over $7 million worth of company stock in the past three months.Oppenheimer analyst Chris Kotowski assigned a Buy rating on this stock, citing the company’s resiliency. His $11 price target suggests a 6.5% upside for the next 12 months. (To watch Kotowski’s track record, click here)In his comments, the 5-star analyst wrote, “Given the quality and liquidity of NMFC's portfolio as well as support from its manager (which supplied a $50M line of credit and deferred fees), we think they should be able to get this situation in hand in a quarter or two.” NMFC shares have recently powered right through their average price target, another indicator of investor confidence. The stock sells for $10.33, nearly 1% above the average price target of $10.25. Expect Wall Street’s investors to revisit their expectations here in the near future. In the meantime, 4 of 4 reviews on this stock are to Buy, giving NMFC a Strong Buy analyst consensus rating. (See NMFC stock analysis on TipRanks)Summit Hotel Properties (INN)We’ll finish this list with Summit Hotel. A stock in the hospitality sector, in the midst of the coronavirus public health crisis? Yes, really. Summit, an REIT, owns 73 hotels in the US, and boasts over 10,000 rooms. The company’s properties are skewed toward upscale customers, who are less likely to be affected by a cash crunch, even in the current economy. And, Summit entered the current crisis with over $395 million in available credit.Even with those advantages, Summit’s shares are down 31% after the bears and bulls have had their way in the past three months. But the main result recent volatility has been to inflate the dividend yield. At 72 cents annualized, the company’s dividend gives a yield of 8.9%, 4.5x higher than the S&P average yield.Deutsche Bank analyst Chris Woronka is duly impressed by the company’s position. He writes of Summit, “[We] expect to see meaningful market share gains as INN leans into the power of the brand platforms and potentially benefits from demand that has been displaced from hotels' whose highly leveraged owners have had to suspend operations. INN has 27-28 months of liquidity… We view INN as a solid risk-adjusted way to gain exposure to lodging in the nascent stages of recovery.”In line with this bullish view, Woronka rates INN a Buy. (To watch Woronka’s track record, click here.)Wall Street is unanimous at INN shares, as 6 analysts have all given recent Buy ratings to the stock. INN’s recent gains have pushed it through the average target as well. The current trading price of $8.36 shows that the $7.67 average price target is simply obsolete. (See Summit stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Sat, 23 May 2020
01:15:33 +0000
New Mountain Finance Corp (NMFC) Q1 2020 Earnings Call Transcript
On the line with me here today are Steve Klinsky, Chairman of NMFC and CEO of New Mountain Capital; John Kline, President and COO of NMFC; and Shiraz Kajee, CFO of NMFC. Before diving into the business update, we do want to recognize that we are living in a public health crisis that is taking a significant human toll on our communities across our country and around the globe.

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New Mountain Finance Corporation (NMFC)