Coverage of the shares of this BDC was recently initiated at Deutsche Bank with a ‘Buy’ rating. The company has a current annual dividend yield of 9.84%, paid quarterly.
New Mountain Finance Corporation (NMFC)
From Forbes Dividend Investor
New York, N.Y.-based New Mountain Finance Corp. (NMFC) is a business development company (BDC), which is a closed-end investment firm that makes debt and equity investments in small and medium-sized businesses. New Mountain’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. Investments also include equity interests, such as preferred stock, common stock, warrants, or options on the equity of private companies.
Industries in which New Mountain invests include business services, software, consumer services, education, energy, healthcare services, distribution and logistics, and government services.
What makes New Mountain particularly attractive now is a cluster of recent insider buying, including purchases by the CEO, chief operating officer, chief accounting officer, and members of the board of directors.
John Dobosz, Forbes Dividend Investor, www.newsletters.forbes.com, 212-367-3388, December 6, 2019