New Mountain Finance (NASDAQ:NMFC) Research Coverage Started at B. Riley

B. Riley started coverage on shares of New Mountain Finance (NASDAQ:NMFC) in a report published on Tuesday morning. The brokerage issued a neutral rating and a $11.00 price objective on the stock. B. Riley also issued estimates for New Mountain Finance’s Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.32 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.31 EPS and FY2026 earnings at $1.25 EPS.

A number of other equities analysts have also recently issued reports on NMFC. Wells Fargo & Company cut their target price on shares of New Mountain Finance from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price target on New Mountain Finance from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th.

New Mountain Finance Stock Performance

Shares of NASDAQ NMFC opened at $10.68 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm’s 50-day moving average price is $10.31 and its two-hundred day moving average price is $11.08. New Mountain Finance has a 52-week low of $8.84 and a 52-week high of $12.65. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.17 and a beta of 0.85.

New Mountain Finance (NASDAQ:NMFC) last issued its earnings results on Monday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The firm had revenue of $85.66 million for the quarter, compared to analysts’ expectations of $86.65 million. During the same quarter last year, the company posted $0.36 earnings per share. New Mountain Finance’s revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that New Mountain Finance will post 1.39 earnings per share for the current year.

New Mountain Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, June 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.99%. New Mountain Finance’s dividend payout ratio (DPR) is presently 128.00%.

Insider Activity at New Mountain Finance

In related news, Director David Ogens acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the completion of the purchase, the director now directly owns 179,020 shares of the company’s stock, valued at $2,047,988.80. The trade was a 2.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 11.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NMFC. Franklin Resources Inc. acquired a new position in shares of New Mountain Finance during the third quarter valued at approximately $2,608,000. Rockingstone Advisors LLC grew its position in New Mountain Finance by 79.1% in the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock worth $3,177,000 after buying an additional 124,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in New Mountain Finance by 31.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 254,181 shares of the company’s stock worth $2,862,000 after buying an additional 60,732 shares during the last quarter. Inspire Investing LLC grew its position in New Mountain Finance by 3.5% in the fourth quarter. Inspire Investing LLC now owns 35,455 shares of the company’s stock worth $399,000 after buying an additional 1,188 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in New Mountain Finance in the fourth quarter worth approximately $309,000. Institutional investors and hedge funds own 32.08% of the company’s stock.

About New Mountain Finance

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.