New Mountain Finance Q1 adjusted net investment income per share flat

New Mountain Finance

04/05/2026 21:38

Overview

US direct lender's Q1 adjusted net investment income per share was flat yr/yr at $0.32

Net asset value per share fell to $10.92 from $11.52 at year-end

Company authorized additional $50 mln for share buybacks, bringing remaining capacity to ~$80 mln

Outlook

Company declares Q2 2026 distribution of $0.25 per share

Company says it remains focused on further portfolio enhancements throughout the balance of the yr

Company plans to use sale proceeds to de-lever, repurchase shares, and reinvest in new investments

Result Drivers

PORTFOLIO SALE - Co completed ~$470 mln portfolio sale and used proceeds to de-lever, repurchase shares, and reinvest, per Chairman Steven B. Klinsky

PORTFOLIO QUALITY - Co said it reduced PIK exposure and improved diversification and asset mix, per CEO John R. Kline

MARKET IMPACT - Book value decline, excluding portfolio sale, primarily reflected broader market movements in software and tech-oriented loans, per CEO John R. Kline

Company press release: ID:nBw4PWBBVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value
$1.04 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the closed end funds peer group is "buy."

Wall Street's median 12-month price target for New Mountain Finance Corp is $8.50, about 1.2% below its May 1 closing price of $8.60

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)