NMFC - New Mountain Finance Corporation
14.39 0.00 (0.02%)
After hours: 4:26PM EST
| Previous Close | 14.34 |
| Open | 14.35 |
| Bid | 14.37 x 800 |
| Ask | 14.38 x 4000 |
| Day's Range | 14.35 - 14.45 |
| 52 Week Range | 13.01 - 14.45 |
| Volume | 454,482 |
| Avg. Volume | 530,513 |
| Market Cap | 1.393B |
| Beta (5Y Monthly) | 0.55 |
| PE Ratio (TTM) | 13.85 |
| EPS (TTM) | 1.04 |
| Earnings Date | Aug 04, 2019 - Aug 08, 2019 |
| Forward Dividend & Yield | 1.36 (9.48%) |
| Ex-Dividend Date | Dec 11, 2019 |
| 1y Target Est | 14.63 |
- TipRanks
3 “Strong Buy” Stocks With High-Yielding Dividends
Putting together a strong portfolio is more an art than a science. You have to balance share appreciation, potential upside, fundamental strength, and dividend yield to find the stock that will meet your needs. Do you want your investments to pay for themselves right away, or do you prefer a steady long-term gain? These are just a few of the factors to consider.It’s complicated by the sheer size of the stock markets. TipRanks tracks data on over 6,500 publicly traded stocks – and that’s just the tip of the iceberg. Fortunately, the Stock Screener tool makes it easy to find the right investment. Set the filters to sort out the stocks with a “Strong Buy” consensus rating, add in ‘very high’ dividend yields, above 5%, and you’ll get the list down to only a handful of names. Here are three of them that may be worth your attention.Enterprise Products Partners LP (EPD)The oil and gas midstream sector – that is, the companies that move the product between the wellheads, storage farms, terminals, and the customers – is a profitable niche. The companies here control pipelines, railroad assets, river barges, terminals, and storage tanks, as well as make it possible to move fossil fuels. Enterprise Products owns and operates 50,000 miles of such pipelines, and controls storage capacity for 160 million barrels of oil and 14 billion cubic feet of natural gas. Enterprise also holds import/export terminal facilities on the Gulf Coast of Texas.Low prices for oil and gas in 2019 hurt the company’s bottom line last year, but EPD appears to be holding up well. Even though the Q3 numbers missed the estimates, Q4, reported last week, was strong. Revenue came in above the forecast, at $8.01 billion, while the EPS of 54 cents was in-line with expectations. Both numbers are down year-over-year but up sequentially.Enterprise is committed to sharing profits with investors, and pays out a regular – and reliable – dividend. With a yield of 7%, the dividend provides a return more than three times higher than the S&P 500 average, while the 81% payout ratio indicates that it is sustainable for the company. EPD’s history of dividend reliability goes back over 10 years.5-star analyst TJ Schultz, of RBC Capital, sees EPD as a solid choice for investors. He writes, “EPD offers investors broad exposure to a full spectrum of the midstream value chains for NGLs and, increasingly, crude and petrochemical products. Furthermore, the partnership's multi-year organic growth backlog helps provide visibility on long-term distribution growth. EPD has grown and should continue to grow its fee-based cash flows as announced projects enter service and ramp.”Schultz puts a $36 price target on EPD, implying an impressive upside potential of 41%, to back up his Buy rating on the stock. (To watch Schultz’s track record, click here)Overall, EPD gets a Strong Buy from the analyst consensus, and that rating is unanimous. The stock has received 7 buy ratings in recent weeks. Shares are a bargain considering the high yield, priced at $25.56. The average price target of $34.50 suggests room for an upside of 35%. (See Enterprise Products stock analysis on TipRanks) Kimbell Royalty Partners LP (KRP)Kimbell Royalty is another player in the Texas oil boom, operating at the source. Kimbell owns oil and gas operations in 28 states, with major exploration, drilling, and extraction activity in the Permian Basin and Eagle Ford areas of Texas, North Dakota’s Bakken formation, and across Appalachia. Kimbell’s largest area of activity, which includes 43% of the company’s active wells, is in the Permian Basin of Texas.Where Enterprise, above, saw a tough time in 2H19, Kimbell posted record high revenue in Q3 of that year. The top line came in with a 79% year-over-year gain, to $33 million. In addition to high revenues, KRP was able to acquire two competing companies, Haymaker and Phillips, during the reporting period.Even better for investors, KRP has been using its positive cash flow generation to maintain a strong dividend. The company’s quarterly payment, 38 cents, annualizes to $1.52, for an impressive yield of 11.1%. That’s more than five times the average yield among S&P listed companies, and is powerful incentive for investors.Looking at Kimbell for KeyBanc, analyst Leo Mariani was impressed enough by the company’s performance to initiate coverage with a Buy rating. He cites, “…anticipated dividend increases in 2020 and the recent pullback in the shares…” as reasons to enter this stock.Mariani gives KRP an $18 price target to back the Buy rating, seeing room for 31% share growth here. (To watch Mariani’s track record, click here)The Strong Buy consensus view on KRP shares is bolstered by 8 recent reviews, including 7 Buys and 1 Hold. The stock sells for just $13.70, and the average price target of $20.14 suggests an upside potential of 47%. (See Kimbell stock analysis on TipRanks) New Mountain Finance Corporation (NMFC)The energy industry isn’t the only place to find great dividend yields. Investment management companies, which control and administer private and corporate investment portfolios for profit, by nature generate a high cash flow. New Mountain uses its cash flow to maintain a dividend, returning profits to investors.The dividend here is definitely worth talking about. NMFC pays out 34 cents per quarter, and has done so consistently since 2013. This gives a yield of 9.6% and an annualized payment of $1.36. The payout ratio is 98%, indicating that New Mountain returns all of its profits to investors – as expected, in an investment management company.Like Kimbell, above, New Mountain has attracted a new analyst thanks to its solid financial performance. Derek Hewett, from Merrill Lynch, writes in support of his Buy rating, “We see an attractive dividend yield, and believe New Mountain is well positioned to capitalize on a supply/demand imbalance in the unrated middle market.”Hewett’s price target, $14.50, suggests a modest upside of 2% in a stock that has already shown 4% appreciation so far this year. (To watch Hewett’s track record, click here)With 3 recent Buy reviews, NMFC’s Strong Buy analyst consensus rating is unanimous. The stock offers a low cost of entry, at $14.23, and the average price target of $14.58 implies room for another 2.5% growth. The real benefit here is the dividend return. (See New Mountain stock analysis on TipRanks)
- Business Wire
New Mountain Finance Corporation Schedules its Fourth Quarter 2019 Earnings Release and Dividend Announcement
New Mountain Finance Corporation (NYSE: NMFC) ("NMFC" or "the Company") today announced that it will release its financial results for the quarter ended December 31, 2019 on Wednesday, February 26, 2020 after the close of the U.S. financial markets. Additionally, at that time, the Company will announce its first quarter 2020 dividend. The Company will host an earnings conference call and audio webcast at 10:00 am (Eastern Time) on Thursday, February 27, 2020.
- Business Wire
New Mountain Finance Corporation Extends Share Repurchase Program
New Mountain Finance Corporation (NYSE:NMFC) ("NMFC" or "the Company") today announced that its board of directors has authorized an extension of a program for the purpose of repurchasing up to $50 million worth of its common stock, to be implemented at the discretion of NMFC’s management team. Under the repurchase program, NMFC may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time provided that NMFC complies with the prohibitions under its Code of Ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing constraints. Unless further extended by NMFC’s board of directors, the Company expects the repurchase program to be in place until the earlier of December 31, 2020 or until $50 million worth of NMFC’s outstanding shares of common stock have been repurchased. To date, approximately $2.9 million worth of repurchases have been made by the Company under the repurchase program.
- Insider Monkey
Hedge Funds Have Never Been This Bullish On New Mountain Finance Corp. (NMFC)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
- Thomson Reuters StreetEvents
Edited Transcript of NMFC earnings conference call or presentation 7-Nov-19 3:00pm GMT
Q3 2019 New Mountain Finance Corp Earnings Call
- Zacks
New Mountain Finance (NMFC) Lags Q3 Earnings Estimates
New Mountain (NMFC) delivered earnings and revenue surprises of -2.86% and 4.20%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
New Mountain Finance (NMFC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
New Mountain (NMFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GuruFocus.com
Weekly CEO Buys Highlight
Insiders invest in OPKO Health, Eli Lilly, Wesbanco, New Mountain Finance and Hersha Hospitality Continue reading...
- Insider Monkey
Is New Mountain Finance Corporation (NMFC) Going to Burn These Hedge Funds?
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
- GuruFocus.com
New Mountain Finance Corp (NMFC) President and COO John Kline Bought $101,400 of Shares
President and COO of New Mountain Finance Corp (30-Year Financial, Insider Trades) John Kline (insider trades) bought 7,500 shares of NMFC on 09/09/2019 at an average price of $13.52 a share. Continue reading...
- Thomson Reuters StreetEvents
Edited Transcript of NMFC earnings conference call or presentation 8-Aug-19 2:00pm GMT
Q2 2019 New Mountain Finance Corp Earnings Call
- Kiplinger
10 BDCs to Buy for Big-Time Income
The market for business development companies (BDCs) just got a little more institutional.For those of you unfamiliar with BDCs, here's a quick primer. Business development companies provide firms with debt and equity capital, or a combination of the two, to help them grow. They first came to be in 1980 when Congress passed an amendment to the Investment Act of 1940 that created a new category of closed-end investment company: BDCs.For tax purposes, BDCs must pay out 90% or more of their taxable income in the form of dividends so they can retain the tax benefits of regulated investment companies.BDCs have become popular with retail investors over the past decade because of the significant income they generate. These companies often yield more than 8% on their distributions.Consider this: BDC Owl Rock Capital Corporation (ORCC) sold 10 million shares to investors during its initial public offering on July 18, 2019. This IPO is important because Owl Rock Capital Partners, who operate the BDC, founded it in 2016 with the sole purpose of meeting the needs of institutional investors. Since its founding three years ago, Owl Rock has raised more than $5.5 billion from pension funds, university endowments, family offices and other high-net-worth investment vehicles. And when institutional-caliber investors get involved, it's time to take notice.Here are 10 BDCs to consider for your investment portfolio. Just remember: Their uber-high yields come with some measure of risk. Many use debt leverage to generate their strong returns, which is risky in the first place and adds interest-rate risk into the picture. Also, the companies they invest in typically have a higher chance of default than larger corporations. But for those willing to take the risks, these 10 BDCs yield between 5.7% and 10.9%. SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)
- GuruFocus.com
New Mountain Finance Corp (NMFC) EVP, CAO and Director Adam Weinstein Bought $124,729 of Shares
EVP, CAO and Director of New Mountain Finance Corp (30-Year Financial, Insider Trades) Adam Weinstein (insider trades) bought 9,350 shares of NMFC on 08/12/2019 at an average price of $13.34 a share. Continue reading...
Motley FoolNew Mountain Finance Corp (NMFC) Q2 2019 Earnings Call Transcript
NMFC earnings call for the period ending June 30, 2019.
- Zacks
New Mountain Finance (NMFC) Meets Q2 Earnings Estimates (Revised)
New Mountain (NMFC) delivered earnings and revenue surprises of 0% and 2.29%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
New Mountain Finance (NMFC) Misses Q2 Earnings Estimates
New Mountain (NMFC) delivered earnings and revenue surprises of -11.43% and 2.29%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
New Mountain Finance (NMFC) Earnings Expected to Grow: Should You Buy?
New Mountain (NMFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
