New Mountain Finance: Strong 10% Yielding BDC Value Proposition (Rating Upgrade)

Thapana OnphalaiI am ramping up my exposure to New Mountain Finance (NASDAQ:NMFC) this week, as the business development company has been able to grow its dividend payments and has attractive total return potential. The stock is presently priced below net asset value, and I think that the company has upside in its Equity portfolio as long as the U.S. economy is doing well. With a 10% yield, that is covered by net investment income, and taking into account that the central bank is not eager to lower shor ...