New Mountain FinanceNMFC
Market Cap: $1.33B
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 Q2 SEC filings by fund managers ($100M+ AUM)
898% more call options, than puts
Call options by funds: $938K | Put options by funds: $94K
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
94% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 35
2.41% less ownership
Funds ownership: 35.51% [Q1] → 33.1% (-2.41%) [Q2]
7% less funds holding
Funds holding: 173 [Q1] → 161 (-12) [Q2]
9% less capital invested
Capital invested by funds: $473M [Q1] → $430M (-$42.9M) [Q2]
46% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 26
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Wells Fargo Timothy O'Shea 68% 1-year accuracy 13 / 19 met price target | 3%downside $12 | Equal-Weight Maintained | 2 Aug 2024 |