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New Mountain Finance Corp - NMFC STOCK NEWS

Welcome to our dedicated news page for New Mountain Finance (Ticker: NMFC), a resource for investors and traders seeking the latest updates and insights on New Mountain Finance.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Mountain Finance's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Mountain Finance's position in the market.

Rhea-AI Summary
New Mountain Finance Corporation (NMFC) reports net investment income of $0.40 per share for the fourth quarter, with a decline in net asset value. The company declares a first quarter regular distribution of $0.32 per share and a supplemental distribution of $0.04. The portfolio has a fair value of $3,027.8 million in 111 companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
earnings
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Rhea-AI Summary
KBRA assigns a BBB- rating to New Mountain Finance Corporation's $300 million 6.875% senior unsecured notes due February 1, 2029, with a Stable Outlook. The rating is supported by NMFC's ties to NMC's $45+ billion AUM, a $3.1 billion diversified investment portfolio, and solid access to capital markets. However, potential risks include illiquid assets, retained earnings constraints, and a high percentage of investments outside of senior secured debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
none
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Rhea-AI Summary
New Mountain Finance Corporation (NMFC) has announced a $300 million public offering of 6.875% unsecured notes due 2029. The offering is expected to close on February 1, 2024, and the net proceeds will be used to repay existing indebtedness. 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
offering
Rhea-AI Summary
New Mountain Finance Corporation (NMFC) has announced its preliminary estimates for the three months ended December 31, 2023. The net investment income per share is estimated to be between $0.39 and $0.40, with a net asset value per share between $12.85 and $12.90. The statutory leverage ratio as of December 31, 2023, was 1.14x, and the finalized fourth quarter 2023 operating results will be released on February 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
earnings
-
Rhea-AI Summary
New Mountain Finance Corporation (NMFC) to Release Financial Results for Q4 and Year Ended December 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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Rhea-AI Summary
New Mountain Finance Corporation (NMFC) declared a special distribution of $0.10 per share payable on December 29, 2023, to shareholders of record as of December 22, 2023. The distribution is driven primarily from the gain realized on their investment in Haven Midstream Holdings LLC. The board also extended the stock repurchase program, allowing the repurchase of up to $50 million worth of common stock through December 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
buyback
Rhea-AI Summary
New Mountain Finance Corporation (NMFC) announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023. Corbett brings deep domain experience in the direct lending industry and extensive experience leading high-performing finance teams, having previously worked at Blackstone Credit and Perella Weinberg Partners. He is expected to be a tremendous asset to the growing platform. Corbett holds a Bachelor of Business Administration in Accounting from the University of Massachusetts and is a Certified Public Accountant in the state of New York and a CFA Charterholder.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
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Rhea-AI Summary
New Mountain Finance Corporation (NMFC) has priced an underwritten public offering of $115.0 million in aggregate principal amount of 8.250% unsecured notes due 2028. The offering is expected to close on November 13, 2023. The net proceeds will be used to pay down outstanding indebtedness under its senior secured revolving credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
offering
-
Rhea-AI Summary
New Mountain Finance Corporation (NASDAQ: NMFC) reported third quarter net investment income of $0.40 per share, a 25% year-over-year increase. The company's net asset value per share is $13.06. They also declared a fourth quarter regular distribution of $0.32 per share and a supplemental distribution of $0.04 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
earnings
Rhea-AI Summary
New Mountain Finance Corporation (NMFC) will release its financial results for Q3 2023 on November 2, 2023. Earnings conference call and webcast scheduled on November 3, 2023 at 11:00 am ET. Third quarter performance review and Q&A session to be conducted. Replay available until February 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
earnings
New Mountain Finance Corp

Nasdaq:NMFC

NMFC Rankings

NMFC Stock Data

1.30B
10.38%
39%
1.68%
Securities and Commodity Exchanges
Finance and Insurance
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