New Mountain Finance Corporation is a Business Development Company. It specializes in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, first-lien/unitranche loans, select second-lien loans, bonds, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States. It typically invests between $10 million and $50 million. Within middle market it seeks to invest in companies having EBITDA between $10 million and $200 million. It prefers to invest in equity interests, such as preferred stock, common stock, warrants, or options received in connection with its debt investments and directly in the equity of private companies. The fund makes investments through both primary originations and open-market secondary purchases. It invests primarily in debt securities that are rated below investment grade and have contractual unlevered returns of 10% to 15%. The firm may also invest in distressed debt and related opportunities and prefers to invest in targets having private equity sponsorship. It seeks to hold its investments between five years and ten years. The fund prefer to have majority stake in companies.
IPO Year:
Exchange: NYSE
Website: newmountainfinance.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/18/2023 | $13.00 → $11.00 | Overweight → Equal Weight | Wells Fargo |
10/14/2022 | $11.50 | Neutral | B. Riley Securities |
2/7/2022 | Buy | Janney | |
10/25/2021 | $14.00 → $14.25 | Overweight | Wells Fargo |
8-K - New Mountain Finance Corp (0001496099) (Filer)
8-K - New Mountain Finance Corp (0001496099) (Filer)
497AD - New Mountain Finance Corp (0001496099) (Filer)
FWP - New Mountain Finance Corp (0001496099) (Subject)
497AD - New Mountain Finance Corp (0001496099) (Filer)
497AD - New Mountain Finance Corp (0001496099) (Filer)
8-K - New Mountain Finance Corp (0001496099) (Filer)
424B3 - New Mountain Finance Corp (0001496099) (Filer)
10-Q - New Mountain Finance Corp (0001496099) (Filer)
8-K - New Mountain Finance Corp (0001496099) (Filer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
Wells Fargo downgraded New Mountain Finance from Overweight to Equal Weight and set a new price target of $11.00 from $13.00 previously
B. Riley Securities initiated coverage of New Mountain Finance with a rating of Neutral and set a new price target of $11.50
Janney initiated coverage of New Mountain Finance with a rating of Buy
Wells Fargo reiterated coverage of New Mountain Finance with a rating of Overweight and set a new price target of $14.25 from $14.00 previously
Hovde Group initiated coverage of New Mountain Finance with a rating of Market Perform and set a new price target of $13.50
SC 13G - New Mountain Finance Corp (0001496099) (Subject)
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 experience leading high-performing finance teams. We expect him to be a tremendous asset to our growing platform." "I would like to welcome Kris as the next CFO of NMFC and the leader of our overall finance function within our credi
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that its board of directors has authorized an extension of a program for the purpose of repurchasing up to $50 million worth of its common stock, to be implemented at the discretion of NMFC’s management team. 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 co
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, 2024 on Wednesday October 30, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, October 31, 2024. During the live conference call, the Company's officers will review the third quarter performance, discuss recent events and conduct a question-and-answer session. Third Quarter 2024 Conference Call Information To participate in the live earning conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid an
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 6.200% unsecured notes due 2027 (the "Notes"). The Notes will mature on October 15, 2027, and may be redeemed in whole or in part at the Company's option at any time prior to October 15, 2027, at par plus a "make-whole" premium plus accrued interest. The Notes will bear interest at a rate of 6.200% per year payable semi-annually on April 15 and October 15 of each year, beginning April 15, 2025. The offering is expected to close on September 26, 2024, subject to the satisfaction of customary c
Reports Net Investment Income of $0.36 per Share Declares a Regular Third Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.02 per Share 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, 2024. Second Quarter Highlights1 Net investment income of $38.2 million, or $0.36 per weighted average share Net asset value of $12.74 per share compared to $12.77 per share as of March 31, 2024 Plan to permanently reduce base management fee to 1.25% Amending and extending the dividend protection program Continued strong credit performan
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, 2024 on Wednesday, July 31, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, August 1, 2024. During the live conference call, the Company's officers will review the second quarter performance, discuss recent events and conduct a question-and-answer session. Second Quarter 2024 Conference Call Information To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any d
Reports Net Investment Income of $0.36 per Share Declares a Regular Second Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.02 per Share 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, 2024. First Quarter Highlights1 Net investment income of $37.3 million, or $0.36 per weighted average share Net asset value of $12.77 per share compared to $12.87 per share as of December 31, 2023. The 0.8% decline is driven by stable core credit performance, offset by a decrease in value in one of the Company's equity positions Internal ris
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, 2024 on Wednesday, May 1, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, May 2, 2024. During the live conference call, the Company's officers will review the first quarter performance, discuss recent events and conduct a question-and-answer session. First Quarter 2024 Conference Call Information To participate in the live earning conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, pl
Reports Net Investment Income of $0.40 per Share Declares a First Quarter Regular Distribution of $0.32 per Share and a Supplemental Distribution of $0.04 per Share New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "NMFC," "New Mountain Finance" or the "Company") today announced its financial results for the quarter and year ended December 31, 2023. In line with preliminary estimates reported on January 18, 2024, the Company reported fourth quarter net investment income ("NII") of $0.40 per weighted average share and net asset value ("NAV") per share of $12.87, compared to $13.06 on September 30, 2023, a decline of 0.7% excluding the impact of the $0.10 special dividend pa
KBRA assigns a BBB- rating to New Mountain Finance Corporation's (NASDAQ:NMFC) ("New Mountain" or "the company") $300 million 6.875% senior unsecured notes due February 1, 2029. The rating Outlook is Stable. The proceeds will primarily be used to redeem the $116.5 million of outstanding notes due April 2024 and to paydown a revolving credit facility. Key Credit Considerations The rating and Stable Outlook are supported by New Mountain Finance Corporation's ties to New Mountain Capital's ("NMC") $45+ billion AUM comprised $36 billion of private equity, $10 billion of credit, and $2 billion of net lease along with SEC exemptive relief to co-invest among affiliated NMC companies. As of Sep
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. The Notes will bear interest at a rate of 6.875% per year payable semi-annually on February 1 and August 1 of each year, beginning August 1, 2024. The offering is expected to close on February 1, 2024, subject to the satis
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 average shares for the three months ended December 31, 2023. We estimate that our net asset value per share as of December 31, 2023 was between $12.85 per share and $12.90 per share. This estimate is net of the $0.10 per share spec
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, 2024 on Wednesday October 30, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, October 31, 2024. During the live conference call, the Company's officers will review the third quarter performance, discuss recent events and conduct a question-and-answer session. Third Quarter 2024 Conference Call Information To participate in the live earning conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid an
Reports Net Investment Income of $0.36 per Share Declares a Regular Third Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.02 per Share 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, 2024. Second Quarter Highlights1 Net investment income of $38.2 million, or $0.36 per weighted average share Net asset value of $12.74 per share compared to $12.77 per share as of March 31, 2024 Plan to permanently reduce base management fee to 1.25% Amending and extending the dividend protection program Continued strong credit performan
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, 2024 on Wednesday, July 31, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, August 1, 2024. During the live conference call, the Company's officers will review the second quarter performance, discuss recent events and conduct a question-and-answer session. Second Quarter 2024 Conference Call Information To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any d
Reports Net Investment Income of $0.36 per Share Declares a Regular Second Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.02 per Share 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, 2024. First Quarter Highlights1 Net investment income of $37.3 million, or $0.36 per weighted average share Net asset value of $12.77 per share compared to $12.87 per share as of December 31, 2023. The 0.8% decline is driven by stable core credit performance, offset by a decrease in value in one of the Company's equity positions Internal ris
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, 2024 on Wednesday, May 1, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, May 2, 2024. During the live conference call, the Company's officers will review the first quarter performance, discuss recent events and conduct a question-and-answer session. First Quarter 2024 Conference Call Information To participate in the live earning conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, pl
Reports Net Investment Income of $0.40 per Share Declares a First Quarter Regular Distribution of $0.32 per Share and a Supplemental Distribution of $0.04 per Share New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "NMFC," "New Mountain Finance" or the "Company") today announced its financial results for the quarter and year ended December 31, 2023. In line with preliminary estimates reported on January 18, 2024, the Company reported fourth quarter net investment income ("NII") of $0.40 per weighted average share and net asset value ("NAV") per share of $12.87, compared to $13.06 on September 30, 2023, a decline of 0.7% excluding the impact of the $0.10 special dividend pa
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 average shares for the three months ended December 31, 2023. We estimate that our net asset value per share as of December 31, 2023 was between $12.85 per share and $12.90 per share. This estimate is net of the $0.10 per share spec
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, 2023 performance, discuss recent events and conduct a question-and-answer session. Fourth Quarter and Year Ended 2023 Conference Call Information To participate in the live earning conference call, please use the following
Reports Net Investment Income of $0.40 per share Declares a Regular Fourth Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.04 per Share 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 distribution of $0.32 per share and a supplemental distribut
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 and conduct a question-and-answer session. Third Quarter 2023 Conference Call Information To participate in the live earning conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any
New Mountain Finance (NASDAQ:NMFC) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.38 by 5.26 percent. This is a 5.26 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $90.556 million which beat the analyst consensus estimate of $90.085 million by 0.52 percent. This is a 1.52 percent decrease over sales of $91.953 million the same period last year.
New Mountain Finance (NASDAQ:NMFC) reported its Q4 earnings results on Monday, February 26, 2024 at 04:35 PM. Here's what investors need to know about the announcement. Earnings New Mountain Finance missed estimated earnings by 0.0%, reporting an EPS of $0.4 versus an estimate of $0.4. Revenue was up $18.90 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.0 which was followed by a 1.0% increase in the share price the next day. Here's a look at New Mountain Finance's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.4 0.39 0.36 0.35 EPS Actual 0.4 0.39 0.38 0.35 Revenue Estimate 94.43M 93.58M 86.35
New Mountain Finance (NASDAQ:NMFC) reported quarterly earnings of $0.40 per share which met the analyst consensus estimate. The company reported quarterly sales of $92.80 million which missed the analyst consensus estimate of $93.28 million by 0.51 percent. This is a 25.58 percent increase over sales of $73.90 million the same period last year.
Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million. • Krystal Biotech (NASDAQ:KRYS) is estimated to report quarterly loss at $0.37 per share on revenue of $28.61 million. • Li Auto (NASDAQ:LI) is estimated to report quarterly earnings at $0.29 per share on revenue of $5.48 billion. • Clear Channel Outdoor (NYSE:CCO) is expected to report quarterly earnings at $0.04 per share on revenue of $610.14 million. • Lincoln Educational Servs (NASDAQ:LINC) is expected to report quarterly earnings at $0.27 per share on revenue of $96.20 million. • BioCryst Pharma (NASDAQ:BCRX) is projected to re
New Mountain Finance (NASDAQ:NMFC) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement. Analysts estimate that New Mountain Finance will report an earnings per share (EPS) of $0.40. New Mountain Finance bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.00, which was followed by
Wells Fargo analyst Timothy O'Shea maintains New Mountain Finance (NASDAQ:NMFC) with a Equal-Weight and raises the price target from $12 to $12.5.
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 Midstream Holdings LLC, which, due to unique circumstances, was treated as taxable ordinary income. Regulated investment company rules require distribution of at least 90% of annual ordinary taxable income. This special distribution is
New Mountain Finance (NASDAQ:NMFC) reported quarterly earnings of $0.40 per share which met the analyst consensus estimate. This is a 25 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $94.35 million which missed the analyst consensus estimate of $94.43 million by 0.09 percent. This is a 20.27 percent increase over sales of $78.45 million the same period last year.
4 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
3 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
3 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)
4 - New Mountain Finance Corp (0001496099) (Issuer)