New Mountain Finance Q2 net investment income falls to $0.32/share

New Mountain Finance

04/08/2025 21:45

Overview

New Mountain Q2 net investment income $0.32/share, down from $0.36/share last year

Company's NAV per share decreased to $12.21 from $12.45 as of March 31, 2025

Repurchased $9.6 mln of outstanding shares in Q2 2025, indicating stock undervaluation

Result Drivers

SENIOR ASSET MIX - Increased senior-oriented asset mix to 78%, up from 75% a year ago

SHARE REPURCHASE - Repurchased $9.6 mln of shares, indicating belief in stock undervaluation

PORTFOLIO STABILITY - ~95% of portfolio rated green, reflecting stable performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.07
Q2 Net Asset Value
$1.31 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for New Mountain Finance Corp is $11.38, about 8.4% above its August 1 closing price of $10.42

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

Press Release: ID:nBw40czLza

(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.)