New Mountain Finance Q3 net investment income dips

New Mountain Finance

03/11/2025 21:47

Overview

New Mountain Finance Q3 net investment income per weighted average share at $0.32

Company's NAV per share decreased to $12.06

Company doubled stock repurchase plan to $100 mln, enhancing financial flexibility

Outlook

Company exploring $500 mln secondary portfolio sale to enhance financial flexibility

Company confident in delivering consistent enhanced yield with strong margin of safety

Result Drivers

HIGH PORTFOLIO QUALITY - Approximately 95% of NMFC's portfolio is rated green, indicating strong credit performance

SENIOR ASSET MIX - Increased senior-oriented asset mix to 80%, up from 75% a year ago

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 NAV Per Share
$12.06
Q3 Net Asset Value
$1.26 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 "hold"

Wall Street's median 12-month price target for New Mountain Finance Corp is $10.50, about 7.9% above its October 31 closing price of $9.67

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

Press Release: ID:nBwjq75ja

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(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.)