New Mountain Finance (NASDAQ:NMFC) Posts Earnings Results, Meets Expectations

Posted by Brian Himes on May 6th, 2026

New Mountain Finance (NASDAQ:NMFC – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32, FiscalAI reports. New Mountain Finance had a positive return on equity of 10.69% and a negative net margin of 18.65%.The company had revenue of $41.27 million for the quarter, compared to analysts’ expectations of $67.76 million. During the same period in the previous year, the business posted $0.32 earnings per share. The business’s quarterly revenue was down 19.7% compared to the same quarter last year.

New Mountain Finance Stock Performance

NASDAQ:NMFC opened at $8.41 on Wednesday. The company has a market capitalization of $828.47 million, a PE ratio of -14.50 and a beta of 0.57. The company has a 50 day simple moving average of $8.01 and a two-hundred day simple moving average of $8.76. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.16 and a current ratio of 3.16. New Mountain Finance has a fifty-two week low of $7.47 and a fifty-two week high of $11.04.

New Mountain Finance Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.00 annualized dividend and a yield of 11.9%. New Mountain Finance’s dividend payout ratio is presently -220.69%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. B. Riley Financial dropped their price objective on shares of New Mountain Finance from $10.00 to $7.50 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Sunday, April 5th. Zacks Research downgraded shares of New Mountain Finance from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Keefe, Bruyette & Woods cut their price target on shares of New Mountain Finance from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of New Mountain Finance in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, New Mountain Finance has a consensus rating of “Reduce” and a consensus price target of $9.25.

Check Out Our Latest Stock Analysis on NMFC

Key Stories Impacting New Mountain Finance

Here are the key news stories impacting New Mountain Finance this week:

Positive Sentiment: Board approved a $0.25 quarterly dividend (record June 16, payable June 30) implying a ~12.2% yield — supports income-focused investors. New Mountain Finance outlines $0.25 Q2 dividend and expands remaining buyback capacity
Positive Sentiment: Company expanded its remaining share buyback capacity to roughly $80M, which can support the stock and NAV per share over time. New Mountain Finance outlines $0.25 Q2 dividend and expands remaining buyback capacity
Neutral Sentiment: Reported EPS of $0.32, in line with consensus; adjusted net investment income was $32.2M ($0.32/share), so earnings per share held steady year-over-year. New Mountain Finance (NMFC) Matches Q1 Earnings Estimates
Neutral Sentiment: Management commentary and slides from the Q1 call are available — useful for assessing portfolio mix, credit performance and buyback plans. Q1 2026 Earnings Call Transcript Q1 Results Presentation
Negative Sentiment: Revenue materially missed estimates — $41.3M reported vs. ~$67.8M consensus, and revenue fell ~19.7% YoY; suggests weaker fee/portfolio income and pressure on future earnings growth. MarketBeat coverage of Q1 results
Negative Sentiment: Net asset value declined to $10.92 from $11.52 at year-end, reflecting mark-to-market pressure; NAV compression and a modest net margin (5.0%) may weigh on investor sentiment. Business Wire: Financial Results for Quarter Ended March 31, 2026

Insider Transactions at New Mountain Finance

In other news, EVP Adam B. Weinstein acquired 12,900 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of $7.61 per share, for a total transaction of $98,169.00. Following the completion of the transaction, the executive vice president directly owned 751,756 shares in the company, valued at $5,720,863.16. This represents a 1.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven B. Klinsky bought 276,242 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $8.05 per share, with a total value of $2,223,748.10. Following the purchase, the director directly owned 5,370,858 shares of the company’s stock, valued at $43,235,406.90. The trade was a 5.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 1,200,673 shares of company stock worth $9,662,634. Company insiders own 14.90% of the company’s stock.

Institutional Trading of New Mountain Finance

A number of large investors have recently bought and sold shares of NMFC. Virtu Financial LLC raised its position in shares of New Mountain Finance by 66.9% in the 4th quarter. Virtu Financial LLC now owns 21,914 shares of the company’s stock worth $202,000 after acquiring an additional 8,785 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in New Mountain Finance during the fourth quarter worth approximately $7,450,000. Mercer Global Advisors Inc. ADV acquired a new stake in New Mountain Finance during the fourth quarter worth approximately $146,000. XTX Topco Ltd bought a new stake in New Mountain Finance in the fourth quarter worth approximately $1,728,000. Finally, VARCOV Co. acquired a new position in New Mountain Finance in the fourth quarter valued at approximately $853,000. 32.08% of the stock is currently owned by institutional investors and hedge funds.

About New Mountain Finance

(Get Free Report)

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.