Hovde Group initiated coverage on New Mountain Finance with a new price target
$NMFC
Finance/Investors Services
Finance
Hovde Group initiated coverage of New Mountain Finance with a rating of Market Perform and set a new price target of $13.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/18/2023 | $13.00 → $11.00 | Overweight → Equal Weight | Wells Fargo |
| 10/14/2022 | $11.50 | Neutral | B. Riley Securities |
| 2/7/2022 | Buy | Janney | |
| 10/25/2021 | $14.00 → $14.25 | Overweight | Wells Fargo |
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BTG Pactual Strategic Capital's investment is in partnership with lead existing investor, New Mountain, to accelerate growth of the business BTG Pactual Strategic Capital ("Strat Cap") announced today that it has completed a strategic investment in UniTek Global Services, Inc. ("UniTek" or the "Company"), a leading super-regional broadband infrastructure services provider supporting the telecommunications and data center end markets. This investment is in partnership with UniTek's lead investor, New Mountain Finance Corporation (NASDAQ:NMFC) and affiliates. UniTek provides a comprehensive suite of broadband solutions, including engineering and design, fiber installation, and maintenance
Reports Fourth Quarter Net Investment Income of $0.32 per Share and Declares a First Quarter Distribution of $0.32 per Share New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter and year ended December 31, 2024. Fourth Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.55 per share compared to $12.62 per share as of September 30, 2024 Sustained strong credit performance with approximately 97% of the portfolio rated green Reduced statutory debt/equity3 to 1.15x (or 1.11x net of available cash)
New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain" or "the Company") announced today that it will release its financial results for the quarter and year ended December 31, 2024 on Wednesday, February 26, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, February 27, 2025. During the live conference call, the Company's officers will review the fourth quarter and year ended December 31, 2024 performance, discuss recent events and conduct a question-and-answer session. Fourth Quarter and Year Ended 2024 Conference Call Information To participate in the live earnings conference call, please use the follo
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4 - New Mountain Finance Corp (0001496099) (Issuer)
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New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain"), the publicly traded credit BDC arm of New Mountain Capital, today announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023. "We are pleased to welcome Kris Corbett to the New Mountain credit team," said John R. Kline, Chief Executive Officer of New Mountain Finance Corporation. "Kris has deep domain experience in the direct lending industry and extensive experience leading high-performing finance teams. We expect him to be a tremendous asset to our growing platform." "I would like to welcome Kris as the next CFO of NMFC and the leader of our overall finance function within our credi
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that its board of directors has authorized an extension of a program for the purpose of repurchasing up to $50 million worth of its common stock, to be implemented at the discretion of NMFC’s management team. Under the repurchase program, NMFC may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time provided that NMFC complies with the prohibitions under its Code of Ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing co
Reports Fourth Quarter Net Investment Income of $0.32 per Share and Declares a First Quarter Distribution of $0.32 per Share New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter and year ended December 31, 2024. Fourth Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.55 per share compared to $12.62 per share as of September 30, 2024 Sustained strong credit performance with approximately 97% of the portfolio rated green Reduced statutory debt/equity3 to 1.15x (or 1.11x net of available cash)
New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain" or "the Company") announced today that it will release its financial results for the quarter and year ended December 31, 2024 on Wednesday, February 26, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, February 27, 2025. During the live conference call, the Company's officers will review the fourth quarter and year ended December 31, 2024 performance, discuss recent events and conduct a question-and-answer session. Fourth Quarter and Year Ended 2024 Conference Call Information To participate in the live earnings conference call, please use the follo
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
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Wells Fargo downgraded New Mountain Finance from Overweight to Equal Weight and set a new price target of $11.00 from $13.00 previously
B. Riley Securities initiated coverage of New Mountain Finance with a rating of Neutral and set a new price target of $11.50
Janney initiated coverage of New Mountain Finance with a rating of Buy