Symbols / NMFC $8.08 +1.76% New Mountain Finance Corporation

Financial Services • Asset Management • United States • NMS
NMFC Chart
About

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company, is a private equity/buyouts and loan fund that specializes in directly investing and lending to middle market companies in “defensive growth” industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure, including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, Life Sciences, Enterprise Software, Financial Services and Technology, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in the United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Asset Management Market Cap 814.52M
Enterprise Value 2.40B Income 16.49M Sales 327.08M
Book/sh 11.52 Cash/sh 0.80 Dividend Yield 16.11%
Payout 8.00% Employees — IPO —
P/E 50.50 Forward P/E 7.59 PEG —
P/S 2.49 P/B 0.70 P/C —
EV/EBITDA — EV/Sales 7.33 Quick Ratio 0.48
Current Ratio 0.56 Debt/Eq 140.66 LT Debt/Eq —
EPS (ttm) 0.16 EPS next Y 1.06 EPS Growth —
Revenue Growth -15.10% Earnings 2026-05-04 ROA 5.29%
ROE 1.33% ROIC — Gross Margin 100.00%
Oper. Margin 80.85% Profit Margin 5.04% Shs Outstand 98.51M
Shs Float — Short Float 2.78% Short Ratio 1.48
Short Interest — 52W High 11.04 52W Low 7.48
Beta 0.60 Avg Volume 1.28M Volume 1.05M
Target Price $8.50 Recom Hold Prev Close $7.94
Price $8.08 Change 1.76%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.50
Mean price target
2. Current target
$8.08
Latest analyst target
3. DCF / Fair value
$16.92
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.08
Low
$7.50
High
$10.00
Mean
$8.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-04 main Keefe, Bruyette & Woods Market Perform → Market Perform $9
2026-03-03 main B. Riley Securities Neutral → Neutral $8
2026-02-26 main Wells Fargo Equal-Weight → Equal-Weight $8
2025-11-05 reit B. Riley Securities Neutral → Neutral $10
2025-11-05 main Keefe, Bruyette & Woods Market Perform → Market Perform $10
2025-09-15 down B of A Securities Buy → Underperform $10
2025-04-28 main Wells Fargo Equal-Weight → Equal-Weight $10
2025-04-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $11
2024-10-29 main Wells Fargo Equal-Weight → Equal-Weight $11
2024-08-02 main Wells Fargo Equal-Weight → Equal-Weight $12
2024-01-29 main Wells Fargo Equal-Weight → Equal-Weight $13
2023-08-04 main Wells Fargo Equal-Weight → Equal-Weight $12
2023-05-10 main Oppenheimer — → Outperform $13
2023-05-10 main Wells Fargo — → Equal-Weight $12
2023-04-18 down Wells Fargo Overweight → Equal-Weight $11
2022-11-10 main Wells Fargo — → Overweight $13
2022-10-14 init B. Riley Securities — → Neutral $12
2022-02-07 init Janney Montgomery Scott — → Buy —
2021-10-25 main Wells Fargo — → Overweight $14
2020-04-27 main Wells Fargo — → Overweight $9
News
RSS: Latest NMFC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-17 WEINSTEIN ADAM Officer and Director — 12,900 $7.61 $98,156
2026-03-11 KLINSKY STEVEN B Director and Beneficial Owner of more than 10% of a Class of Security — 500,000 $8.05 $4,025,000
2026-03-05 KLINSKY STEVEN B Director and Beneficial Owner of more than 10% of a Class of Security — 237,873 $8.10 $1,926,771
2026-03-04 KLINSKY STEVEN B Director and Beneficial Owner of more than 10% of a Class of Security — 437,400 $7.94 $3,516,053
2026-03-03 OGENS DAVID Director — 12,500 $7.86 $98,351
2026-03-02 KLINSKY STEVEN B Director — 324,727 $7.69 $2,515,258
2026-03-02 WEINSTEIN ADAM Officer and Director — 41,707 $7.73 $323,701
2026-02-27 BOSWERGER LAURA HOLSON Chief Operating Officer — 12,500 $7.74 $96,750
2025-09-16 KLINSKY STEVEN B Director — 106,691 $9.78 $1,043,577
2025-09-15 WEINSTEIN ADAM Officer and Director — 49,750 $10.03 $498,828
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
14.84
-88.01%
123.78
-13.85%
143.68
+61.27%
89.09
Operating Revenue
14.84
-88.01%
123.78
-13.85%
143.68
+61.27%
89.09
Operating Expense
-2.56
-137.11%
6.90
+18.51%
5.82
+10.66%
5.26
Selling General And Administration
10.57
-0.65%
10.64
+7.04%
9.94
+0.38%
9.90
General And Administrative Expense
10.57
-0.65%
10.64
+7.04%
9.94
+0.38%
9.90
Other Operating Expenses
-13.13
-251.22%
-3.74
+9.18%
-4.12
+11.27%
-4.64
Net Income
16.49
-85.47%
113.44
-16.18%
135.34
+81.10%
74.73
Pretax Income
17.40
-85.11%
116.88
-15.21%
137.85
+64.45%
83.83
Net Interest Income
116.30
-16.63%
139.50
-15.96%
166.00
+38.59%
119.77
Interest Expense
123.72
-9.45%
136.64
+9.50%
124.78
+35.02%
92.42
Interest Income
240.02
-13.08%
276.14
-5.04%
290.78
+37.04%
212.19
Gain On Sale Of Security
43.16
+203.17%
-41.83
-27.33%
-32.85
-162.34%
52.70
Tax Provision
0.43
-81.90%
2.38
+34.85%
1.76
-81.05%
9.30
Tax Rate For Calcs
0.00
+21.54%
0.00
+59.04%
0.00
-88.48%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
16.97
-85.18%
114.50
-15.86%
136.09
+82.60%
74.53
Net Income From Continuing Operation Net Minority Interest
16.49
-85.47%
113.44
-16.18%
135.34
+81.10%
74.73
Net Income From Continuing And Discontinued Operation
16.49
-85.47%
113.44
-16.18%
135.34
+81.10%
74.73
Net Income Continuous Operations
16.97
-85.18%
114.50
-15.86%
136.09
+82.60%
74.53
Minority Interests
-0.48
+54.25%
-1.06
-41.90%
-0.75
-466.18%
0.20
Normalized Income
16.49
-85.47%
113.44
-16.18%
135.34
+81.10%
74.73
Net Income Common Stockholders
16.49
-85.47%
113.44
-16.18%
135.34
+81.10%
74.73
Diluted EPS
0.16
-84.47%
1.03
-16.94%
1.24
+67.57%
0.74
Basic EPS
0.16
-84.91%
1.06
-20.90%
1.34
+78.67%
0.75
Basic Average Shares
106.15
-0.39%
106.57
+5.39%
101.12
+0.91%
100.20
Diluted Average Shares
121.09
-3.48%
125.46
+1.60%
123.49
+6.99%
115.43
Diluted NI Availto Com Stockholders
29.92
-76.81%
129.04
-15.96%
153.56
+79.14%
85.72
Average Dilution Earnings
13.43
-13.89%
15.60
-14.35%
18.21
+65.78%
10.99
Line Item Trend 2025-12-31
Total Assets
2,902.85
Cash And Cash Equivalents
80.72
Receivables
43.07
Investments And Advances
2,747.66
Long Term Equity Investment
—
Total Liabilities Net Minority Interest
1,714.60
Payables
39.18
Accounts Payable
12.36
Other Payable
26.82
Long Term Debt And Capital Lease Obligation
1,671.05
Stockholders Equity
1,182.18
Common Stock Equity
1,182.18
Capital Stock
1.08
Common Stock
1.08
Preferred Stock
0.00
Share Issued
107.85
Ordinary Shares Number
102.64
Treasury Shares Number
5.21
Additional Paid In Capital
1,354.73
Retained Earnings
-121.68
Treasury Stock
51.95
Minority Interest
6.08
Total Equity Gross Minority Interest
1,188.26
Total Capitalization
2,853.23
Invested Capital
2,853.23
Total Debt
1,671.05
Net Debt
1,590.33
Net Tangible Assets
1,182.18
Tangible Book Value
1,182.18
Cash Cash Equivalents And Federal Funds Sold
80.72
Derivative Product Liabilities
0.37
Financial Assets Designatedas Fair Value Through Profitor Loss Total
2,742.01
Investmentin Financial Assets
2,747.66
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
378.98
+802.36%
42.00
-87.38%
332.73
+850.49%
35.01
Net Income From Continuing Operations
16.97
-85.18%
114.50
-15.86%
136.09
+82.60%
74.53
Other Non Cash Items
-59.55
+11.26%
-67.11
-9.71%
-61.17
-57.00%
-38.96
Gain Loss On Investment Securities
432.37
+33852.15%
-1.28
-100.46%
279.37
+38318.06%
-0.73
Net Foreign Currency Exchange Gain Loss
-0.48
-358.06%
0.19
+264.60%
-0.11
-139.24%
0.29
Change In Working Capital
0.92
+11.04%
0.82
+103.85%
-21.38
-941.86%
-2.05
Change In Receivables
-0.46
-127.58%
1.66
+120.74%
-7.99
-51.88%
-5.26
Change In Payable
-0.26
-161.30%
0.42
-83.91%
2.59
+136.96%
-7.00
Change In Other Current Assets
1.36
+146.73%
-2.90
+56.15%
-6.62
-596.85%
1.33
Change In Other Current Liabilities
0.27
-83.69%
1.66
+117.69%
-9.35
-205.43%
8.87
Financing Cash Flow
-378.74
-1107.71%
-31.36
+90.61%
-333.88
-1452.80%
-21.50
Net Issuance Payments Of Debt
-188.10
-407.49%
61.17
+131.96%
-191.40
-359.85%
73.66
Issuance Of Debt
721.50
-45.37%
1,320.67
+79.02%
737.71
-16.07%
879.00
Repayment Of Debt
-909.60
+27.78%
-1,259.50
-35.56%
-929.10
-15.37%
-805.34
Long Term Debt Issuance
721.50
-45.37%
1,320.67
+79.02%
737.71
-16.07%
879.00
Long Term Debt Payments
-909.60
+27.78%
-1,259.50
-35.56%
-929.10
-15.37%
-805.34
Net Long Term Debt Issuance
-188.10
-407.49%
61.17
+131.96%
-191.40
-359.85%
73.66
Net Common Stock Issuance
-51.95
-176.75%
67.69
+218.68%
21.24
-46.91%
40.01
Common Stock Payments
-51.95
0.00
0.00
—
Common Stock Dividend Paid
-135.70
+7.81%
-147.19
+2.35%
-150.74
-24.28%
-121.29
Cash Dividends Paid
-135.70
+7.81%
-147.19
+2.35%
-150.74
-24.28%
-121.29
Repurchase Of Capital Stock
-51.95
0.00
0.00
—
Net Other Financing Charges
-0.36
+61.30%
-0.93
-33.48%
-0.69
+92.66%
-9.45
Changes In Cash
0.24
-97.70%
10.64
+1021.13%
-1.16
-108.55%
13.50
Effect Of Exchange Rate Changes
0.15
+137.41%
-0.41
-843.64%
0.06
+114.07%
-0.39
Beginning Cash Position
80.32
+14.60%
70.09
-1.55%
71.19
+22.58%
58.08
End Cash Position
80.72
+0.50%
80.32
+14.60%
70.09
-1.55%
71.19
Free Cash Flow
378.98
+802.36%
42.00
-87.38%
332.73
+850.49%
35.01
Common Stock Issuance
0.00
-100.00%
67.69
+218.68%
21.24
-46.91%
40.01
Issuance Of Capital Stock
0.00
-100.00%
67.69
+218.68%
21.24
-46.91%
40.01
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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