NEW MOUNTAIN FINANCE Lifted by Allspring Global Investments Holdings LLC
January 17, 2023
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NEW MOUNTAIN FINANCE ($NASDAQ:NMFC) is a publicly-traded finance company that focuses on providing specialty finance solutions. It provides capital to middle market companies to support their growth and development. The company has a long history of delivering capital to companies across a variety of industries and its services are highly sought after by many businesses. Recently, NEW MOUNTAIN FINANCE has been given a major boost by Allspring Global Investments Holdings LLC. This investment company has made a significant investment in NEW MOUNTAIN FINANCE, which is expected to result in enhanced returns for investors. Allspring Global Investments Holdings LLC believes that NEW MOUNTAIN FINANCE’s platform is well-positioned to take advantage of the current market conditions and capitalize on growth opportunities.
In addition, the increased capital will allow the company to strengthen its balance sheet, enabling it to take on more risk and potentially offer higher returns for investors. Analysts expect that the stock could see an increase in value as a result of the additional capital, as well as the increase in lending capacity and risk appetite. This could mean a significant return for investors in the stock. This could mean great returns for investors in the stock, as well as additional capital for the company to expand its services and take on more risk.
Price History
The stock opened at $12.7 and closed at the same price, up by 0.3% from its prior closing price. This increase in share value was a result of Allspring Global Investments Holdings LLC’s investment in the company. NEW MOUNTAIN FINANCE is an investment company based in the United States. It provides financial services to companies and institutions, including corporate finance and structured finance. It also provides financial advisory services, including capital raising, debt restructuring, and mergers and acquisitions. The company focuses on middle-market businesses and has extensive experience in the technology, media, and telecom sectors.
The company is well-positioned to take advantage of the current economic climate and the changing landscape of the financial services industry. It is expected that this investment will help NEW MOUNTAIN FINANCE to further increase its share value and profitability. Overall, this investment is a positive step for NEW MOUNTAIN FINANCE and will help the company to further strengthen its position in the market. With Allspring Global Investments Holdings LLC’s backing, NEW MOUNTAIN FINANCE can continue to provide its clients with the highest quality financial services and advice. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NMFC. More…
| Total Revenues | Net Income | Net Margin |
| 117.05 | 112.1 | 95.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NMFC. More…
| Operations | Investing | Financing |
| -115.6 | – | 81.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NMFC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.35k | 2k | 13.2 |
Key Ratios Snapshot
Some of the financial key ratios for NMFC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | – | – |
| FCF Margin | ROE | ROA |
| -98.8% | 5.3% | 2.1% |
VI Analysis
NEW MOUNTAIN FINANCE is classified as a ‘rhino’ company, one that has achieved moderate revenue or earnings growth. It is strong in cashflow and weak in assets, profitability, and dividend growth. When considering its fundamentals, investors should take into account its low health score of 1/10 with regard to its cashflows and debt, which indicates that it is less likely to sustain future operations in times of crisis. In general, companies like NEW MOUNTAIN FINANCE may interest income investors that are looking for steady returns with lower risk. They may not be suitable for investors looking for rapid growth or high returns. The VI app can help investors make informed decisions when considering companies like NEW MOUNTAIN FINANCE by providing a comprehensive overview of the company’s fundamentals, as well as its long-term potential. Investors should also consider the company’s current financial situation, as well as its future prospects, when making an investment decision. More…
VI Peers
The competition between New Mountain Finance Corp and its competitors, First Eagle Alternative Capital BDC Inc, BlackRock TCP Capital Corp, and Crescent Capital BDC Inc, is fierce. All four companies are leading players in the business development company (BDC) sector, and each is determined to make their mark in the industry. Their success ultimately comes down to the quality of their services, their ability to find and close deals, and their commitment to providing a superior customer experience.
– First Eagle Alternative Capital BDC Inc ($NASDAQ:FCRD)
First Eagle Alternative Capital BDC Inc is a business development company that provides investment capital to small and mid-sized businesses. It operates through two divisions, Private Equity and Private Credit. The company has a market cap of 128.96M in 2023 and a Return on Equity of -11.78%. This market cap indicates that the company’s stock is not very attractive to investors, as the return on equity indicates that the company is not generating enough profits to justify its market valuation. Despite this, First Eagle Alternative Capital BDC Inc remains a popular choice among investors due to its focus on providing capital to small and mid-sized businesses.
– BlackRock TCP Capital Corp ($NASDAQ:TCPC)
BlackRock TCP Capital Corp is a business development company that provides customized financing solutions to middle-market companies in the United States and Europe. With a market cap of 753.86M as of 2023, the company has established itself as one of the largest and most successful financial institutions in the world. Its Return on Equity (ROE) of 5.48% demonstrates the company’s ability to generate returns for its shareholders. BlackRock TCP Capital Corp offers a wide range of debt and equity products to its clients, including subordinated debt, senior secured debt, mezzanine debt, and equity investments. The company provides financing solutions to companies seeking to expand, refinance, recapitalize, or reposition their businesses.
– Crescent Capital BDC Inc ($NASDAQ:CCAP)
Crescent Capital BDC Inc is a publicly-traded business development company that provides debt and equity capital to small and middle-market companies in a variety of industries. The company has a current market capitalization of 409.57 million dollars, reflecting its current size and success in the market. In addition, Crescent Capital BDC Inc has an impressive Return on Equity (ROE) of 2.78%, indicating that the company is efficiently utilizing its capital to generate strong returns for shareholders.
Summary
New Mountain Finance is a specialty finance company that provides customized debt financing solutions to mid-market private companies. Allspring Global Investments Holdings LLC has recently invested in the company, showing confidence in its ability to provide solid returns. As a result, investors may want to consider putting money into New Mountain Finance, as it offers a variety of financing options and is backed by a reputable investment partner. The company specializes in providing mezzanine debt, senior secured debt, unitranche debt, and equity capital for growth initiatives and recapitalizations.
New Mountain Finance also offers flexible terms, competitive interest rates, and an experienced team of professionals who are knowledgeable about the mid-market segment. As a result, investing in New Mountain Finance could be a lucrative and low-risk opportunity for those looking to get involved in the private debt market.
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