New Mountain Finance (NMFC)

• Market cap: $1.19B
• 1 day: 0.91%
• 5 days: 0.27%
• 1 month: -5.97%
• 3 months: -5.32%
• 6 months: -10.69%
• Year to date: -2.73%
• 1 year: -14.23%
• 5 years: -21.27%
• 10 years: -24.56%

About: New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

4,923% more call options, than puts

Call options by funds: $1.11M | Put options by funds: $22K

50% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 18

2% more funds holding

Funds holding: 163 [Q2] → 167 (+4) [Q3]

2.51% less ownership

Funds ownership: 36.13% [Q2] → 33.62% (-2.51%) [Q3]

9% less capital invested

Capital invested by funds: $469M [Q2] → $429M (-$40.4M) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 54

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $11 0% upside
• Avg. target: $11 0% upside
• High target: $11 0% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Wells Fargo Finian O'Shea 63% 1-year accuracy 22 / 35 met price target

0% downside $11

Equal-Weight Maintained

29 Oct 2024