Overview

* New Mountain Finance ( NMFC ) Q3 net investment income per weighted average share at $0.32

* Company's NAV per share decreased to $12.06

* Company doubled stock repurchase plan to $100 mln, enhancing financial flexibility

Outlook

* Company exploring $500 mln secondary portfolio sale to enhance financial flexibility

* Company confident in delivering consistent enhanced yield with strong margin of safety

Result Drivers

* HIGH PORTFOLIO QUALITY - Approximately 95% of NMFC's portfolio is rated green, indicating strong credit performance

* SENIOR ASSET MIX - Increased senior-oriented asset mix to 80%, up from 75% a year ago

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 NAV $12.06

Per

Share

Q3 Net $1.26

Asset bln

Value

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the closed end funds peer group is "hold"

* Wall Street's median 12-month price target for New Mountain Finance Corp ( NMFC ) is $10.50, about 7.9% above its October 31 closing price of $9.67

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)