New Mountain Finance Q2 net investment income falls to $0.32/share

Overview

• New Mountain Q2 net investment income $0.32/share, down from $0.36/share last year

• Company's NAV per share decreased to $12.21 from $12.45 as of March 31, 2025

• Repurchased $9.6 mln of outstanding shares in Q2 2025, indicating stock undervaluation

Result Drivers

• SENIOR ASSET MIX - Increased senior-oriented asset mix to 78%, up from 75% a year ago

• SHARE REPURCHASE - Repurchased $9.6 mln of shares, indicating belief in stock undervaluation

• PORTFOLIO STABILITY - ~95% of portfolio rated green, reflecting stable performance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the closed end funds peer group is "hold."

• Wall Street's median 12-month price target for New Mountain Finance Corp is $11.38, about 8.4% above its August 1 closing price of $10.42

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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