Welcome to our dedicated page for New Mountain Finance news (Ticker: NMFC), a resource for investors and traders seeking the latest updates and insights on New Mountain Finance stock.
New Mountain Finance Corporation reports news centered on its direct lending portfolio for U.S. upper middle market companies backed by private equity sponsors. The company seeks current income and capital appreciation through senior secured loans and select junior capital positions, with portfolio updates commonly organized across software, business services, healthcare, financial services and technology, and other industries.
Recurring announcements cover quarterly financial results, net investment income, net asset value, distributions, earnings calls, portfolio credit quality, capital actions, credit-facility activity and completed portfolio transactions. Updates also reference the company's relationship with the New Mountain Capital credit platform and its focus on lending to businesses in defensive industries.
New Mountain Finance Corporation (NASDAQ: NMFC) is set to release its financial results for the quarter ending June 30, 2022 on August 8, 2022, following the close of U.S. markets. The Company will also announce its third quarter dividend during this time. A conference call will take place on August 9, 2022, at 10:00 AM ET to discuss the second quarter performance and recent events. Investors can access the conference call and subsequent playback via the Company’s website.
New Mountain Finance Corporation (NASDAQ: NMFC) reported first-quarter net investment income of $0.30 per share for the quarter ended March 31, 2022. NAV per share rose to $13.56 from $13.49 at year-end 2021. The board declared a second-quarter distribution of $0.30 per share, payable on June 30, 2022. The investment portfolio was valued at approximately $3.28 billion, with 107 portfolio companies. Despite no new non-accrual placements, $20.5 million was raised via the ATM program, indicating continued confidence in its investment strategy focused on middle-market growth companies.
New Mountain Finance Corporation (NMFC) will release its financial results for Q1 2022 on May 9, 2022, after U.S. market close. It will also announce the second quarter 2022 dividend. An earnings conference call is scheduled for 10:00 am ET on May 10, 2022, where the management will discuss performance and recent events. The call can be accessed via US and international phone numbers and will be available as a webcast on the company's investor relations website.
NMFC is regulated as a business development company, focusing on generating income and capital appreciation through various debt securities.
New Mountain Finance Corporation (NASDAQ: NMFC) reported its financial results for Q4 and the fiscal year ended December 31, 2021. The company achieved a net investment income of $0.31 per share. By year's end, the net asset value (NAV) per share rose to $13.49, an increase from $13.26 in Q3 2021 and $12.62 in Q4 2020. NMFC announced a first quarter distribution of $0.30 per share, payable March 31, 2022. The company’s investment portfolio was valued at approximately $3.2 billion. Management noted a stable credit performance with minimal portfolio companies in non-accrual status.
New Mountain Finance Corporation (NASDAQ: NMFC) will release its financial results for Q4 2021 on February 28, 2022, after market close. It will also announce its first quarter 2022 dividend. An earnings conference call is scheduled for March 1, 2022, at 10:00 am ET, where company officers will review quarterly performance and recent events. Investors can participate via telephone or through a webcast on the company’s website.
As a regulated business development company, NMFC focuses on generating current income and capital appreciation through debt securities.
New Mountain Finance Corporation (NASDAQ: NMFC) has authorized a $50 million extension of its share repurchase program to counter market volatility potentially undervaluing its stock. The program allows repurchases subject to market conditions and compliance with regulations. Approximately $2.9 million of shares have been repurchased to date. The company aims to capitalize on favorable conditions while adhering to strict investment guidelines under the Investment Company Act of 1940.
New Mountain Finance Corporation (NASDAQ: NMFC) reported a net investment income of $0.31 per share for Q3 2021, exceeding prior guidance. The company's net asset value per share was $13.26, slightly down from $13.33 in Q2 2021. A fourth quarter distribution of $0.30 per share was declared, payable on December 30, 2021. The company also announced a decrease in the base management fee from 1.75% to 1.40%, enhancing shareholder value. With a total investment income of $68.2 million, NMFC plans to continue its focus on defensive growth companies.
New Mountain Capital has successfully closed its direct lending fund, New Mountain Guardian III, with around $1.15 billion in capital commitments, leading to an estimated $2.0 billion in investable capital. This fund focuses on high-quality lending in non-cyclical growth industries. As of September 30, 2021, over $1.1 billion has been deployed across 79 companies in sectors like enterprise software and healthcare. New Mountain Capital manages more than $35 billion and has invested $15.1 billion in credit since inception.
New Mountain Finance Corporation (NMFC) will announce its financial results for Q3 2021 on November 3, 2021, after market close. The announcement will include the declaration of its fourth quarter dividend. This will be followed by a conference call on November 4, 2021, at 10:00 AM ET, where company officers will discuss the performance and address questions. Investors can access the call through the company's website or by telephone.
New Mountain Finance Corporation (NASDAQ: NMFC) reported a net investment income of $0.30 per share for Q2 2021, with a net asset value (NAV) per share at $13.33, up from $12.85 in Q1 2021. The board declared a third quarter distribution of $0.30 per share, payable on September 30, 2021. As of June 30, 2021, total assets reached $3.18 billion, with a statutory debt/equity ratio of 1.19x. The company recorded an investment portfolio fair value of $3.11 billion, with a weighted average yield to maturity of 8.8%.