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New Mountain Finance Corp (NASDAQ:NMFC) stock has reached a 52-week low, dipping to $10.56, as investors navigate a challenging economic landscape. According to InvestingPro data, the company, with a market capitalization of $1.11 billion, currently offers an impressive 21.4% dividend yield and trades at a P/E ratio of 10.14. The company, which specializes in debt investments, has seen its share price fluctuate in a year marked by significant volatility. With a beta of 1.21, NMFC has demonstrated relatively low price volatility while maintaining dividend payments for 15 consecutive years. This latest price level reflects a notable decline of 17.99% over the past year, underscoring the broader market trends that have impacted investment firms and the financial sector at large. Investors are closely monitoring NMFC’s performance as they assess the company’s strategic responses to the current market conditions. For deeper insights and additional analysis, including 8 more exclusive ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, New Mountain Finance Corporation reported fourth-quarter earnings that fell short of analyst expectations. The company posted net investment income of $0.32 per share, missing the consensus estimate of $0.33 per share. This marks a decrease from the $0.40 per share reported in the same quarter last year. The company’s net asset value per share also saw a slight decline to $12.55 from $12.62 at the end of the previous quarter. Despite this, New Mountain Finance declared a first-quarter 2025 distribution of $0.32 per share, with an annualized dividend yield of 10.7%. Additionally, the company amended its loan and security agreement, extending the Revolving Period End Date to March 28, 2028, and the Facility Maturity Date to March 28, 2030, with a reduced interest rate spread. This amendment aims to provide the company with a longer time horizon to manage its financial obligations. Furthermore, New Mountain Finance’s statutory debt-to-equity ratio improved to 1.15x at year-end.
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