New Mountain Finance Gets a Hold Rating from KBW

By Carrie Williams

In a report issued on August 29, Ryan Lynch from KBW reiterated a Hold rating on New Mountain Finance (NYSE: NMFC), with a price target of $15. The company’s shares closed yesterday at $14.10.

According to, Lynch is a 3-star analyst with an average return of 2.7% and a 50.8% success rate. Lynch covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, BlackRock Capital Investment, and Pennantpark Investment Corp.

New Mountain Finance has an analyst consensus of Moderate Buy, with a price target consensus of $15.

New Mountain Finance’s market cap is currently $1.07B and has a P/E ratio of 8.98. The company has a book value ratio of 1.0347.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NMFC in relation to earlier this year.

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New Mountain Finance Corp., is a business development company, invests in middle-market companies located in the US with EBITDA ranging from $20 to $200 million. It targets companies operating in the fields of business services, consumer services, education, federal services, healthcare facilities, healthcare information technology, healthcare services, industrial services, information services. It provides financing primarily in the form of debt, mezzanine and also considers equity interest. It makes investments in the range of $10 to $50 million.