Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
20 May 2011Next earnings report:
26 February 2025Last dividends:
16 September 2024Next dividends:
17 December 2024Price
after hours | Tue, 19 Nov 2024 21:00:09 GMTAnalysts recommendations
Institutional Ownership
NMFC Latest News
New Mountain Finance lowered its supplemental dividend to $0.01 per share and paused the program due to falling net investment income. The dividend pay-out ratio rose to 97%, increasing the risk of a future dividend cut in a falling-rate environment. The stock is now rated 'Hold' due to the narrower margin of safety and anticipated lower net investment income.
New Mountain Finance Corporation (NASDAQ:NMFC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New Mountain Capital Laura Holson - Chief Operating Officer Kris Corbett - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Paul Johnston - KBW Bryce Rowe - B. Riley Operator Good morning.
New Mountain Finance (NMFC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago.
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on October 23, 2024, the Company's 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, 2024, but.
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 6.200% 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.
New Mountain Finance (NMFC) came out with quarterly earnings of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.39 per share a year ago.
New Mountain Finance reported quarterly earnings of $0.36 per share, falling short of the Zacks Consensus Estimate of $0.39 per share. This is lower than the earnings of $0.38 per share reported in the same quarter last year.
New Mountain Finance has paid 4 straight supplemental dividends in addition to its $.32 base dividend. Dividend coverage reached a record 1.23X in 2023. We compare New Mountain Finance to the BDC industry for valuations, performance, profitability and debt.
New Mountain Finance (NMFC) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.35 per share a year ago.
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.
What type of business is New Mountain Finance?
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.
What sector is New Mountain Finance in?
New Mountain Finance is in the Financial Services sector
What industry is New Mountain Finance in?
New Mountain Finance is in the Asset Management industry
What country is New Mountain Finance from?
New Mountain Finance is headquartered in United States
When did New Mountain Finance go public?
New Mountain Finance initial public offering (IPO) was on 20 May 2011
What is New Mountain Finance website?
https://www.newmountainfinance.com
Is New Mountain Finance in the S&P 500?
No, New Mountain Finance is not included in the S&P 500 index
Is New Mountain Finance in the NASDAQ 100?
No, New Mountain Finance is not included in the NASDAQ 100 index
Is New Mountain Finance in the Dow Jones?
No, New Mountain Finance is not included in the Dow Jones index
When was New Mountain Finance the previous earnings report?
No data
When does New Mountain Finance earnings report?
The next expected earnings date for New Mountain Finance is 26 February 2025