How to Buy New Mountain Finance Stock
New Mountain Finance Corp
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries.
New Mountain Finance stock last closed at $12.71, up 1.27% from the previous day, and has increased 6.01% in one year. It has overperformed other stocks in the Asset Management industry by 0.11 percentage points. New Mountain Finance stock is currently +11.69% from its 52-week low of $11.38, and -3.93% from its 52-week high of $13.23.
There are currently 102.88M NMFC shares outstanding. The market value of NMFC is $1.31B. In the last 24 hours, 324,278 NMFC shares were traded.
How to Buy New Mountain Finance Stock
Wondering how to invest in New Mountain Finance stock? Here's how.
- Choose where to buy New Mountain Finance stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy New Mountain Finance stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your payment method and add your info.
- Analyze New Mountain Finance stock: The New Mountain Finance ticker symbol is NMFC. Is New Mountain Finance stock a good investment? Should you buy shares of NMFC? How do NMFC's underlying business fundamentals look? Do top analysts think New Mountain Finance is a good buy? Why has NMFC's stock price moved recently? (Hint: Our stock market research website can help you evaluate if NMFC is a good stock to buy).
- Make your NMFC purchase: Decide if you will purchase NMFC shares at the current market price or use a limit order to buy NMFC shares at a specific price.
- Get notifications regarding your NMFC investment: Create a watchlist to track your position in New Mountain Finance stock.
Step 1: Choose where to buy New Mountain Finance stock
You need a brokerage account in order to access the NASDAQ market and buy NMFC stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to invest in NMFC stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on app for investing, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of transferring funds into your brokerage account.
Step 4: Analyze New Mountain Finance stock
Once you have identified the best place to buy New Mountain Finance stock, it's crucial to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the upside.
New Mountain Finance quick stats
NMFC Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on NMFC's stock page.
Is NMFC stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge NMFC's fair value.
Using relative valuations metrics:
- NMFC could be undervalued based on its P/E ratio of 9.49x, relative to Asset Management industry P/E ratio of 30.56x
- NMFC may be undervalued based on its P/B ratio of 0.99x, relative to Asset Management industry P/B ratio of 2.34x
- NMFC could be overvalued based on its PEG ratio of 1.83x
You can access more valuation analysis on NMFC's stock here.
A look at NMFC Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- NMFC profit margin has gone up from 25.4% to 36.1% in the past year.
- Total NMFC debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- NMFC earnings of $261.89M is not sufficient to cover its interest payments.
- NMFC has a relatively high debt to equity ratio of 1.39.
- NMFC's operating cash flow of $332.73M allows it to safely service it's debt of $1.79B.
Is New Mountain Finance stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who track NMFC, the consensus analyst rating on New Mountain Finance is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the New Mountain Finance stock forecast page.
NMFC Technicals
How is NMFC performing as a company?
Last year, NMFC earnings were $135.34M. In the last 5 year, NMFC's earnings have increased by 7.12% per year. This was faster than the Asset Management industry average of 7.07%.
Last year, NMFC revenue was $374.84M. During the past five year, NMFC's revenue has increased by 10.12% per year. This was slower than the Asset Management industry average of 20.51%.
You can research NMFC's earnings and revenue performance here.
What are NMFC insiders up to?
In the last 12 months, executives and large shareholders at NMFC have bought more shares than they have sold.
Robert Hamwee, Director of NMFC, was the latest NMFC insider to sell. They sold $192.90 worth of NMFC stock on Jul 27, 2023.
Get more info about who owns NMFC shares here.
Does NMFC stock generate passive income?
New Mountain Finance pays a dividend of 12.04%, compared to the Asset Management industry's average dividend yield of 6.73%. If you owned $1,000 worth of NMFC stock, you would have received $120.38 in the past 12 months.
New Mountain Finance dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about New Mountain Finance dividend yield and history here.
NMFC Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your NMFC purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more assistance buying stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your NMFC investment
Now that you own some NMFC stock, you'll want to stay up-to-date on your new investment.
Put NMFC on a watchlist to get alerted to the latest events about your NMFC stock.
NMFC Feed
How to Buy Stock in New Mountain Finance
To reiterate, here are the 6 steps you need to take to buy New Mountain Finance stock right now:
- Choose where to buy New Mountain Finance stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze New Mountain Finance stock
- Make your NMFC purchase
- Get notifications regarding your NMFC investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your new investment in New Mountain Finance, click the button below.
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