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

Earnings data Q3 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.875% unsecured notes due 2029 (the “Notes”). The Notes will mature on February 1, 2029, and may be redeemed in whole or in part at the Company's option at any time prior to January 1, 2029, at par plus a “make-whole” premium, and thereafter at par plus accrued interest.

New Mountain Finance Corporation Prices Public Offering of $300 Million 6.875% Notes Due 2029

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC”, “the Company”, “we” or “our”) today announced its preliminary estimates of its financial condition and results of operations as of and for the three months ended December 31, 2023, which are estimated as of January 17, 2024. We estimate that our net investment income per share for the three months ended December 31, 2023 was between $0.39 per share and $0.40 per share, calculated using 101,638,346 weighted avera.

New Mountain Finance Corporation Announces Preliminary Estimates of Fourth Quarter 2023 Operating Results

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 and year ended December 31, 2023 on Monday, February 26, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, February 27, 2024. During the live conference call, the Company's officers will review the fourth quarter and year ended December 31,.

New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2023 Earnings Release and Conference Call

Golub Capital BDC

Triplepoint Venture Growth BDC

Trinity Capital

We take a look at the action in business development companies through the third week of December and highlight some of the key themes we are watching. BDCs had a good week with a total return of around 1.5%, but underperformed the broader income market due to a low duration profile. The presence of PIK loans in BDC portfolios may indicate increased risk, but it's important to analyze the specifics of the PIK population.

BDC Weekly Review: Is PIK A Cause For Concern?

TCG BDC

WhiteHorse Finance

The Fed's pivot towards rate cuts raises concerns about the performance of floating-rate assets and suggests a move along the yield curve. BDC baby bonds are attractive assets due to their decent quality, fixed coupons and relatively low durations. We highlight a number of newly issued bonds by BDCs.

A Look At The New 8%+ Yielding BDC Baby Bonds

Public Storage

We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. Preferreds finished lower as Treasury yields slightly backed up, but most sectors remained positive for the month. Investors should consider lower-coupon preferreds to mitigate redemption risk and leave room for a rally if rates continue to decrease.

Preferreds Weekly Review: Rate Rally Shines Light On Call Risk

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on December 8, 2023, its board of directors declared a special distribution of the Company's excess undistributed taxable income. The special distribution will be in the amount of $0.10 per share payable on December 29, 2023 to shareholders of record as of December 22, 2023. The special distribution is driven primarily from the gain realized on our investment in Haven Midstr.

New Mountain Finance Corporation Declares a Special Distribution and Announces the Extension of its Stock Repurchase Program

Apollo Global Management

Blue Owl Capital

For a long time, private equity was the hottest thing in Wall Street. Now, with interest rates sitting at their highest level in 2 decades, the private equity industry is being challenged by private credit.

Private credit is booming in Wall Street: 3 stocks to buy

Abacus Life Inc

Edison

New Exchange Preferred Stock And Traded Debt IPOs, November 2023

Ares Capital

Barings BDC Inc

Bain Capital Specialty Finance Inc

Blackstone Secured Lending Fund

Capital Southwest

FS KKR Capital Corp

Goldman Sachs BDC

Hercules Capital

Main Street Capital

Blue Owl Capital Corp

Oaktree Specialty Lending

Solar Capital

TCP Capital

Sixth Street Specialty Lending

Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector will face economic headwinds in 2024, but with no major impact to their balance sheets.

Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain”), the publicly traded credit BDC arm of New Mountain Capital, today announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023. “We are pleased to welcome Kris Corbett to the New Mountain credit team,” said John R. Kline, Chief Executive Officer of New Mountain Finance Corporation. “Kris has deep domain experience in the direct lending industry and extensive experien.

New Mountain Finance Corporation Appoints Kris Corbett as Chief Financial Officer

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $115.0 million in aggregate principal amount of 8.250% unsecured notes due 2028 (the “Notes”). The Notes will mature on November 15, 2028, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after November 15, 2025. The Notes will bear interest at a rate of 8.250% p.

New Mountain Finance Corporation Prices Public Offering of $115.0 Million 8.250% Notes Due 2028

New Mountain Finance (NASDAQ:NMFC ) Q3 2023 Earnings Conference Call November 3, 2023 11:00 AM ET Company Participants John Kline – President and Chief Executive Officer Steve Klinsky – Chairman Laura Holson – Chief Operating Officer and Interim Chief Financial Officer Conference Call Participants Finian O'Shea – Wells Fargo Bryce Rowe – B. Riley Paul Johnson – KBW Operator Good morning, everyone, and welcome to the New Mountain Finance Corporation's Third Quarter 2023 Earnings Conference Call.

New Mountain Finance (NMFC) Q3 2023 Earnings Call Transcript

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 September 30, 2023. The Company reported third quarter net investment income ("NII") of $0.40 per weighted average share, representing a 25% year-over-year increase, and net asset value (“NAV”) per share of $13.06. The Company also announced that its board of directors declared a fourth quarter regular di.

New Mountain Finance Corporation Announces Third Quarter Financial Results

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, 2023 on Thursday, November 2, 2023 after markets close. The Company will host an earnings conference call and webcast at 11:00 am Eastern Time on Friday, November 3, 2023. 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 2023 Earnings Release and Conference Call

New Mountain Finance has a stable NAV/share and a healthy portfolio, outperforming the S&P 500 in total returns over the past 5 years. NMFC benefits from higher interest rates and has a healthy balance sheet, making it an attractive investment for high income seekers. It pays a well-covered regular dividend with capacity for special dividends, and trades at a discount to NAV.

10%-Yielding New Mountain Finance: A Solid Bet Amidst Higher Rates

Horizon Technology Finance

We take a look at the action in business development companies through the first week of August and highlight some of the key themes we are watching. BDCs were flat on the week which was good enough for one of the best results in the broader income space. One question on the minds of investors is what will happen to BDCs once base rates move lower.

BDC Weekly Review: What Will Happen To BDCs When Rates Move Lower?

New Mountain Finance Corporation (NASDAQ:NMFC ) Q2 2023 Earnings Conference Call August 8, 2023 12:00 PM ET Company Participants John Kline - President and Chief Executive Officer Laura Holson - Chief Operating Officer, Chief Financial Officer, and Treasurer Steve Klinsky - Chairman Conference Call Participants Bryce Rowe - B. Riley Securities Ryan Lynch - Keefe Bruyette & Woods Operator Hello and welcome to the New Mountain Finance Corporation's Second Quarter 2023 Earnings Call.

New Mountain Finance's (NMFC) Q2 2023 Earnings Call Transcript

New Mountain Finance (NMFC) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.31 per share a year ago.

New Mountain Finance (NMFC) Q2 Earnings Match 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 June 30, 2023. The Company reported second quarter net investment income ("NII") of $0.39 per weighted average share, a 26% increase in year-over-year NII, and net asset value (“NAV”) per share of $13.14, in line with prior quarter NAV of $13.14. The Company also announced that its board of directors decl.

New Mountain Finance Corporation Announces Second Quarter Financial Results

This article discusses dividend coverage for two BDCs currently yielding around 11% including supplemental dividends. We suggest one of these companies with a list of positives that investors should consider. One of the largest mistakes that BDC investors make is focusing on historical dividend coverage instead of projected dividend coverage which is heavily reliant on portfolio credit quality.

Oaktree Or New Mountain For Solid 11% Yield?

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

News for New Mountain Finance ETF (NMFC)