Rivernorth Capital Management LLC Takes $1.01 Million Position in New Mountain Finance Corporation $NMFC

Posted by George Bondi on Aug 31st, 2026

Rivernorth Capital Management LLC purchased a new position in New Mountain Finance Corporation (NASDAQ:NMFC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 140,634 shares of the company’s stock, valued at approximately $1,008,000. Rivernorth Capital Management LLC owned about 0.15% of New Mountain Finance at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. acquired a new stake in shares of New Mountain Finance in the 2nd quarter valued at about $249,000. Van ECK Associates Corp increased its holdings in New Mountain Finance by 19.4% in the second quarter. Van ECK Associates Corp now owns 2,145,047 shares of the company’s stock valued at $15,380,000 after buying an additional 348,872 shares during the last quarter. Entropy Technologies LP acquired a new stake in New Mountain Finance during the first quarter valued at approximately $186,000. State of Wyoming bought a new position in New Mountain Finance during the 1st quarter worth approximately $71,000. Finally, Glenview Trust Co lifted its holdings in New Mountain Finance by 73.3% during the 1st quarter. Glenview Trust Co now owns 17,500 shares of the company’s stock worth $136,000 after buying an additional 7,400 shares during the last quarter. 32.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of New Mountain Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price target on shares of New Mountain Finance from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company decreased their target price on New Mountain Finance from $8.00 to $7.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of New Mountain Finance in a research note on Thursday, August 13th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, New Mountain Finance currently has a consensus rating of “Reduce” and a consensus price target of $8.60.

Read Our Latest Analysis on New Mountain Finance

New Mountain Finance Stock Performance

NMFC stock opened at $7.54 on Monday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $712.15 million, a price-to-earnings ratio of -16.04 and a beta of 0.55. New Mountain Finance Corporation has a 12 month low of $6.73 and a 12 month high of $10.71. The firm has a 50 day moving average of $7.25 and a two-hundred day moving average of $7.74.

New Mountain Finance (NASDAQ:NMFC – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $39.02 million during the quarter, compared to analysts’ expectations of $62.78 million. New Mountain Finance had a negative net margin of 16.78% and a positive return on equity of 10.94%. During the same period in the prior year, the company posted $0.32 earnings per share. As a group, equities analysts anticipate that New Mountain Finance Corporation will post 1.1 EPS for the current fiscal year.

New Mountain Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Wednesday, September 16th. New Mountain Finance’s dividend payout ratio (DPR) is presently -212.77%.

About New Mountain Finance

(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.