New Mountain Finance Q3 net investment income dips
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New Mountain Finance reported a Q3 net investment income of $0.32 per share, with a decrease in NAV to $12.06. The company has doubled its stock repurchase plan to $100 million and is exploring a $500 million secondary portfolio sale. Approximately 95% of its portfolio is rated green, and the senior asset mix has increased to 80%. Analysts currently rate the stock as 'hold', with a median 12-month price target of $10.50, reflecting a potential upside from its recent trading price of $9.67.
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