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Stock impact report

New Mountain Finance: NAV Continues To Slide Through Q3 (Rating Downgrade) [Seeking Alpha]

New Mountain Finance Corporation (NMFC) 
Last new mountain finance corporation earnings: 2/26 04:35 pm Check Earnings Report
US:NYSE Investor Relations: newmountainfinance.com
Company Research Source: Seeking Alpha
NMFC trades at a 20.9% discount to NAV, but persistent declines in net asset value and limited new investment activity signal continued downside risk for NMFC. Dividend yield remains high at 13.4%, yet payout sustainability is questionable due to thin coverage and rising non-accruals within the portfolio. Without a reversal in NAV trends or improved capital allocation, NMFC's distributions and share price remain vulnerable, making the risk/reward profile unattractive. imaginima/iStock via Getty Images Overview Business development companies continue to struggle in this higher interest rate environment. The higher cost of debt essentially limits the appeal for businesses to seek debt financing, which stunts growth for BDCs. New Mountain Finance Corp. ( This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote t Show less Read more
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