New Mountain Finance Corporation (NMFC) — Dividend Yield, NAV & Valuation Analysis
NMFC · NASDAQ
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Overview
New Mountain Finance Corporation is an externally managed BDC advised by New Mountain Capital, a New York-based investment firm. NMFC provides senior secured debt, subordinated debt, and equity co-investments to middle-market companies, with a focus on defensive sectors such as healthcare, information technology, and business services. The BDC emphasizes downside protection through structuring and conservative leverage on portfolio holdings.
Key Metrics
| Metric | Value |
|---|---|
| 1-Year Total Return | 3.8% |
| 3-Year Total Return | 14.2% |
| 5-Year Total Return | 24.1% |
| Expense Ratio | 9.9% |
| Leverage Ratio | 1.19x |
| Portfolio Companies | 80 |
| Total Assets | $0.8B |
Discount / Premium to NAV
| Stock Price | $7.1 |
| NAV per Share | $11.9 |
| Premium / (Discount) to NAV | -40.3% |
| Implied per-share NAV gap | $4.8 |
The premium / discount to NAV compares the current stock price to the per-share net asset value of New Mountain Finance Corporation's investment portfolio. A negative reading (a discount) means the market is pricing NMFC below the value of its underlying assets and is one of the most-watched valuation metrics for any BDC. A positive reading (a premium) means the market is paying a premium over the stated NAV, often reflecting confidence in future dividend coverage and portfolio credit quality. New Mountain Finance Corporation currently trades at a -40.3% discount to NAV.
Investment Strategy
New Mountain Finance Corporation focuses on senior secured debt, subordinated debt, equity co-investments in the healthcare, information technology, business services, education sectors. The company targets lower middle-market companies and maintains a portfolio of 80 investments totaling $0.8B in assets.
Management
CEO: Steven B. Klinsky | Employees: 30
Suitability
NMFC is suitable for income-focused investors seeking quarterly dividend income with a 14.2% yield. The BDC's focus on senior secured debt provides defensive portfolio characteristics. Investors should consider their risk tolerance and investment objectives before investing.