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 $12.11, up 0.33% from the previous day, and has decreased 7.42% in one year. It has underperformed other stocks in the Asset Management industry by 0.04 percentage points. New Mountain Finance stock is currently +9.2% from its 52-week low of $11.09, and -10.89% from its 52-week high of $13.59.
There are currently 100.94M NMFC shares outstanding. The market value of NMFC is $1.22B. In the last 24 hours, 242,186 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.
- Provide your personal info to start a new brokerage account.
- Submit your info by pressing the "Create Account" button.
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 14.59x, relative to Asset Management industry P/E ratio of 47.83x
- NMFC may be undervalued based on its P/B ratio of 0.92x, relative to Asset Management industry P/B ratio of 2x
You can access additional valuation research on NMFC's stock here.
NMFC Financial Overview
Failed Financial Due Diligence Checks:
- NMFC has a relatively high debt to equity ratio of 1.54.
- NMFC profit margin has gone down from 68.4% to 26.2% in the past year.
- NMFC's operating cash flow of $76.67M allows it to safely service it's debt of $1.99B.
- Total NMFC debt is higher than 5 years ago, relative to shareholder equity.
- NMFC earnings of $197.12M is not sufficient to cover its interest payments.
Is it a good time to buy New Mountain Finance stock, according to Wall Street analysts?
Out of 2 Equities analysts who monitor NMFC, the consensus analyst rating on NMFC is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest NMFC Analyst Forecasts
Mitchel Penn, a bottom 22% analyst from Oppenheimer maintains NMFC with a buy rating and lowers their NMFC price target from $14.00 to $13.00, on May 10, 2023.
Timothy O'Shea, a top 28% analyst from Wells Fargo maintains NMFC with a hold rating and raises their NMFC price target from $11.00 to $11.50, on May 10, 2023.
You can dive deeper into what analysts are projecting on the New Mountain Finance stock forecast page.
NMFC Technical Indicators
How is NMFC performing as a company?
Last year, NMFC earnings were $83.11M. During the past five year, NMFC's earnings have increased by -9.27% per year. This was slower than the Asset Management industry average of 0.42%.
Last year, NMFC revenue was $317.62M. In the last five year, NMFC's revenue has increased by 8.9% per year. This was slower than the Asset Management industry average of 17.12%.
Find out more about NMFC's earnings and revenue performance here.
Are NMFC insiders buying or selling the stock?
Over the past year, insiders at NMFC have bought more shares than they have sold.
Laura Holson Boswerger, COO and CFO of NMFC, was the latest NMFC insider to buy. They bought $59,350.00 worth of NMFC stock on May 11, 2023.
Get more info about who owns NMFC stock here.
Does NMFC provide a stable income stream?
New Mountain Finance pays a dividend of 10.24%, compared to the Asset Management industry's average dividend yield of 6.72%. If you owned $1,000 of NMFC stock, you would have been paid $102.39 in the past 12 months.
New Mountain Finance dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about New Mountain Finance dividend yield and history here.
NMFC Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your NMFC purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open button and your broker will execute your order.
If you require more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your NMFC investment
Now that you own some shares in NMFC, you'll want to stay up-to-date on your new shares.
Add NMFC to a watchlist to keep track of your NMFC stock.
NMFC Feed
How to Buy Stock in New Mountain Finance
To reiterate, here are the 6 steps to buy New Mountain Finance stock:
- 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 brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in New Mountain Finance, add NMFC to your watchlist by clicking the button below.
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