New Mountain Finance (NMFC)

• Market cap: $1.14B
• 1 day: -1.86%
• 5 days: -2.04%
• 1 month: -1.67%
• 3 months: -3.73%
• 6 months: -10.26%
• Year to date: -6.70%
• 1 year: -15.90%
• 5 years: 11.72%
• 10 years: -27.43%
• Sector: Financials
• Industry: Asset Management

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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

142% more call options, than puts

Call options by funds: $533K | Put options by funds: $220K

14% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 50

1.74% less ownership

Funds ownership: 31.43% [Q4 2024] → 29.69% (-1.74%) [Q1 2025]

4% less funds holding

Funds holding: 168 [Q4 2024] → 162 (-6) [Q1 2025]

8% less capital invested

Capital invested by funds: $382M [Q4 2024] → $353M (-$28.7M) [Q1 2025]

18% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 22

Research analyst outlook

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

• Low target: $10 5% downside
• Avg. target: $10.50 1% downside
• High target: $11 4% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Wells Fargo Finian O'Shea	5% downside $10	Equal-Weight Maintained	28 Apr 2025
Keefe, Bruyette & Woods Paul Johnson	4% upside $11	Market Perform Maintained	8 Apr 2025