New Mountain Finance Corp. (OQ:NMFC)
Business Focus: Closed End Funds
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for NMFC*US within the last 6 months
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Company News
Apr 03, 2024 16:05 ET
New Mountain Finance Corporation Schedules its First Quarter 2024 Earnings Release and Conference Call
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.
Feb 26, 2024 16:35 ET
New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2023
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 paid on December 29, 2023. The Company also announced that its Board of
Valuation Ratios
Industry
Sector
Beta
1.18
--
--
Price to Sales - TTM
3.59
9.92
3.72
Price to Book - most recent quarter
0.99
0.96
1.34
Price to Cash Flow per share - TTM
--
16.40
12.86
Price to Free Cash Flow per share - TTM
5.41
18.84
15.80
Business Summary
| Sector: Financials | Industry: Closed End Funds |
New Mountain Finance Corporation is a business development company focused on providing direct lending solutions to United States middle market companies backed by private equity sponsors. Its investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. It makes investments through both primary originations and open-market secondary purchases. It invests a significant portion of its portfolio in unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position. The Company invests in various sectors, such as software, business services, healthcare, education, consumer services, distribution and logistics, packaging, financial services, and others. New Mountain Finance Advisers BDC, L.L.C. is the investment adviser of the Company.
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