New Mountain Finance: The Descent Continues

Impact · against what's priced in

NMFC remains a sell as the fundamental deterioration of NAV and investment income persists. While the dividend is now covered following a payout cut, this is offset by rising non-accrual rates and significant sector concentration in software.

NMFC−0.60

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In context

The continuous decline in NAV and investment income, coupled with elevated non-accrual rates, indicates a deteriorating credit profile that outweighs the stabilization provided by the dividend payout reduction.

Read from the article alone

• dividend cut▲300%
• bdc▲200%
• NMFC
• investment income
• nav
• non accrual
• software sector

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