New Mountain Finance

New Mountain Finance Corp. is a private equity fund and close-eneded non-diversified management investment company. It invests in middle-market companies. The firm targets companies operating in the fields of business services, consumer services, education, federal services, healthcare facilities, healthcare information technology, healthcare services, industrial services, and information services. It also provides financing primarily in the form of debt, mezzanine, and also considers equity interest. The company was founded on June 29, 2010 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

NMFC reports strong Q3 earnings, focuses on portfolio optimization

NMFC's Q3 performance reflects robust income generation and stable asset quality, underpinned by a strategic focus on defensive sectors.
While challenges like NAV decline and dividend decisions persist, proactive measures to optimize the portfolio and capital structure signal resilience.
Opportunities lie in enhancing shareholder value through strategic initiatives and leveraging diversified investments for sustainable growth.

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New Mountain Finance is a business development company that primarily targets loans to middle-market companies. NMFC is currently trading at a 7% discount to NAVPS and has been covering its dividends with net investment income, yielding just under 10%. Analysis of NMFC's industry holdings suggests the company is on track to post a solid Q2 2023 earnings report in a few weeks.

New Mountain Finance: A BDC Value Buy

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain”) today announced that Barbara Daniel has joined its Board of Directors (the “Board”) as an independent director, effective July 1, 2023. “We are proud to add Barbara to the New Mountain Finance Corporation Board,” said Steven B. Klinsky, Chairman of New Mountain Finance Corporation. “She has an impressive career, and we look forward to benefitting from her insights.” “On behalf of our management team, I w.

New Mountain Finance Corporation Announces Board Appointment

New Mountain Finance is benefiting from the higher interest rate environment, leading to increased quarterly dividend payments and the launch of a supplemental dividend program. NMFC's Q1 23 results were impressive, with revenues up 25% and net income jumping nearly 200% from the previous quarter. Despite potential risks such as a deeper-than-expected US recession, the company's focus on non-cyclical sectors and protective collateral and covenant structuring in their investments provide attractive risk-reward dynamics.

New Mountain Finance: Growing Dividends With Further Potential Upside

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended June 30, 2023 on Wednesday, August 2, 2023 after markets close. The Company will host an earnings conference call and webcast at 12:00 pm Eastern Time on Thursday, August 3, 2023. During the live conference call, the Company's officers will review the second quarter performance, discuss recent events and con.

New Mountain Finance Corporation Schedules its Second Quarter 2023 Earnings Release and Conference Call

New Mountain Finance Corporation (NASDAQ:NMFC ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman, NMFC and CEO, New Mountain Capital Robert Hamwee - Vice Chairman Laura Holson - Chief Operating Officer and Interim CFO Conference Call Participants Ryan Lynch - KBW Erik Zwick - Hovde Group Bryce Rowe - B. Riley Operator Good day.

New Mountain Finance Corporation (NMFC) Q1 2023 Earnings Call Transcript

New Mountain Finance (NMFC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.30 per share a year ago.

New Mountain Finance (NMFC) Q1 Earnings and Revenues Beat Estimates

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended March 31, 2023. The Company reported first quarter net investment income ("NII") of $0.38 per weighted average share and net asset value (“NAV”) per share of $13.14, compared to $13.02 on December 31, 2022. The Company also announced that its board of directors declared a second quarter regular distributi.

New Mountain Finance Corporation Announces First Quarter Financial Results

Fidus Investment

Owl Rock Capital Corp

Investing in business development companies (BDCs) can yield high income due to their tax structure and dividend distribution requirements. They raise funds through equity sales and competitively priced debt to invest in business debt and preferred equity.

3 High-Yield Business Development Companies to Consider

New Mountain Finance covered its dividend with NII in 4Q-22. The BDC paid its first raised dividend of $0.32 per share in the fourth quarter.

New Mountain Finance: 7% Discount To NAV, Raised Dividend, Buy The Dip

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended March 31, 2023 on Monday, May 8, 2023 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, May 9, 2023.

New Mountain Finance Corporation Schedules its First Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company”) (NASDAQ: NMFC) announced today the pricing of an additional $60 million in aggregate principal amount of 7.50% convertible notes due 2025 (the “Notes”).

New Mountain Finance Corporation Prices Reopening of $60 Million of 7.50% Convertible Notes Due 2025

New Mountain Finance Corporation (NASDAQ:NMFC ) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants John Kline - President and Chief Executive Officer Steve Klinsky - Chairman, NMFC and Chief Executive Officer, New Mountain Capital Robert Hamwee - Vice Chairman Shiraz Kajee - Chief Financial Officer Conference Call Participants Ryan Lynch - KBW Derek Hewett - Bank of America Erik Zwick - Hovde Group Bryce Rowe - B. Riley Operator Good morning and welcome to the New Mountain Finance Corporation Fourth Quarter and Full Year 2022 Earnings Call.

New Mountain Finance Corporation (NMFC) Q4 2022 Earnings Call Transcript

New Mountain (NMFC) delivered earnings and revenue surprises of 0% and 11.41%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

New Mountain Finance (NMFC) Q4 Earnings Meet Estimates

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter and year ended December 31, 2022. The Company reported fourth quarter adjusted net investment income1 of $0.35 per weighted average share and net asset value (“NAV”) per share of $13.02, compared to $13.20 on September 30, 2022.

New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2022

NEW YORK--( BUSINESS WIRE )--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain” or “the Company”) announced today that it will release financial results for the quarter and year ended December 31, 2022 on Monday, February 27, 2023 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, February 28, 2023. During the live conference call, the Company's officers will review the fourth quarter and year ended December 31, 2022 performance, discuss recent events and conduct a question-and-answer session.

New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2022 Earnings Release and Conference Call

NEW YORK--( BUSINESS WIRE )--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on December 22, 2022 its board of directors authorized an extension of a previously established stock repurchase program (the “Repurchase Program”). Pursuant to the Repurchase Program, the Company can repurchase up to $50 million worth of its common stock at the discretion of NMFC's management team. The Repurchase Program was set to expire on December 31, 2022, but the Company's board of directors elected to extend the Repurchase Program through December 31, 2023. 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, 2023 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.

New Mountain Finance Corporation Extends Stock Repurchase Program

New Mountain Finance raised its 4Q-22 dividend by 7%. The BDC's portfolio income could rise due to floating rate investment exposure.

New Mountain Finance: 10.1% Yield, Discount To NAV, Income Upside

New Mountain Finance Corporation (NASDAQ:NMFC ) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET Company Participants Robert Hamwee - CEO & Director Shiraz Kajee - CFO Steven Klinsky - Founder, MD & CEO John Kline - President & Director Laura Holson - COO Conference Call Participants Bryce Rowe - B. Riley Securities Ryan Lynch - KBW Operator Welcome to today's New Mountain Finance Corporation Third Quarter 2022 -- my apologies.

New Mountain Finance Corporation (NMFC) Q3 2022 Earnings Call Transcript

New Mountain (NMFC) delivered earnings and revenue surprises of 3.23% and 4.57%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

New Mountain Finance (NMFC) Beats Q3 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company”) (NASDAQ: NMFC) announced today the completion of an offering of $200.0 million in aggregate principal amount of its 7.50% convertible notes due 2025 (the “Notes”).

New Mountain Finance Corporation Announces Completion of Offering of $200 Million of 7.50% Convertible Notes due 2025

New Mountain (NMFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

New Mountain Finance (NMFC) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company”) (NASDAQ: NMFC) announced today the pricing of $200.0 million in aggregate principal amount of its 7.50% convertible notes due 2025 (the “Notes”).

New Mountain Finance Corporation Announces Pricing of $200 Million of 7.50% Convertible Notes due 2025 and Announces Preliminary Financial Results for the Quarter Ended September 30, 2022

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain” or “the Company”) announced today that it will now release its financial results for the quarter ended September 30, 2022 on Tuesday, November 8, 2022 after market close.

New Mountain Finance Corporation Announces Time Change for its Third Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (Nasdaq: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended September 30, 2022 on Monday, November 7, 2022 after markets close. New Mountain will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, November 8, 2022. During the live conference call, the Company's officers will review the third quarter performance, discuss recent events an

New Mountain Finance Corporation Schedules its Third Quarter 2022 Earnings Release and Conference Call

New Mountain Finance is a buy on the dip. The New Mountain Finance BDC is well-managed and has interest rate upside.

News for New Mountain Finance ETF (NMFC)