“NMFC is one of the top-performing BDCs that we cover. Quarterly results have always covered the dividend, and its decade-long track record for credit underwriting has been outstanding, generating a remarkable $43M of realized losses against $6.3B of invested capital. Recent growth initiatives in leasing and a senior loan facility have added substantially to recurring dividend income, which in turn has added to the stability of the earnings profile even as the company has focused more on lower yielding, less risky senior debt. All in all, we see the 10% dividend yield as an excellent return for the quality and stability that have been New Mountain’s hallmark. NMFC remains a top pick.”
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 9.6% and a 61.0% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.
Currently, the analyst consensus on New Mountain Finance is a Moderate Buy with an average price target of $15.
The company has a one-year high of $14.38 and a one-year low of $12.05. Currently, New Mountain Finance has an average volume of 256.3K.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NMFC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
New Mountain Finance Corp. is a private equity fund and close-eneded non-diversified management investment company. It invests in middle-market companies.