New Mountain Finance Q4 net investment income stable

New Mountain Finance

24/02/2026 21:37

Overview

Finance lender's Q4 net investment income stable at $0.32 per share

Company's NAV per share decreased to $11.52 as of Dec. 31 from $12.06 as of Sept. 30

Company signed agreement to sell $477 mln of assets to enhance diversification in qtr

Outlook

Company expects to reduce dividend to $0.25 per share starting Q2 2026

Company plans asset sales to increase diversification and reduce PIK income

New Mountain plans to permanently reduce NMFC’s incentive fee to 15% over an 8% hurdle

Result Drivers

ASSET SALE - NMFC signed a deal to sell $477 mln of assets to diversify portfolio and reduce PIK income

Company press release: ID:nBw1XmDMda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 NAV Per Share
$11.52


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 $10.00, about 23.6% above its February 23 closing price of $8.09

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 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.)