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Fly News Breaks for December 5, 2019
NMFC
Dec 5, 2019 | 08:41 EDT
Deutsche Bank analyst George Bahamondes initiated coverage of New Mountain Finance with a Buy rating and $14.75 price target. The analyst views the company's platform, track record and "strong management-shareholder alignment" as key differentiators for New Mountain. 12% of the company's shares are owned by management, and New Mountain currently generates a 10.1% dividend yield while trading at 1.01 times book value, says Bahamondes.
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