NMFC - New Mountain Finance Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
14.20
+0.03 (+0.21%)
As of 3:51PM EST. Market open.
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Previous Close14.17
Open14.15
Bid14.20 x 1800
Ask14.21 x 3200
Day's Range14.04 - 14.22
52 Week Range13.01 - 14.38
Volume525,751
Avg. Volume764,217
Market Cap1.374B
Beta (5Y Monthly)0.56
PE Ratio (TTM)13.67
EPS (TTM)1.04
Earnings DateAug 04, 2019 - Aug 08, 2019
Forward Dividend & Yield1.36 (9.60%)
Ex-Dividend DateDec 10, 2019
1y Target Est14.65
  • Business Wire

    New Mountain Finance Corporation Schedules its Fourth Quarter 2019 Earnings Release and Dividend Announcement

    New Mountain Finance Corporation (NYSE: NMFC) ("NMFC" or "the Company") today announced that it will release its financial results for the quarter ended December 31, 2019 on Wednesday, February 26, 2020 after the close of the U.S. financial markets. Additionally, at that time, the Company will announce its first quarter 2020 dividend. The Company will host an earnings conference call and audio webcast at 10:00 am (Eastern Time) on Thursday, February 27, 2020.

  • Business Wire

    New Mountain Finance Corporation Extends Share Repurchase Program

    New Mountain Finance Corporation (NYSE: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 constraints. Unless further extended by NMFC’s board of directors, the Company expects the repurchase program to be in place until the earlier of December 31, 2020 or until $50 million worth of NMFC’s outstanding shares of common stock have been repurchased. To date, approximately $2.9 million worth of repurchases have been made by the Company under the repurchase program.

  • Hedge Funds Have Never Been This Bullish On New Mountain Finance Corp. (NMFC)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On New Mountain Finance Corp. (NMFC)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]

  • Thomson Reuters StreetEvents

    Edited Transcript of NMFC earnings conference call or presentation 7-Nov-19 3:00pm GMT

    Q3 2019 New Mountain Finance Corp Earnings Call

  • Business Wire

    New Mountain Finance Corporation Announces Appointment of Directors

    New Mountain Finance Corporation (NMFC) (the "Company", “NMFC,” "we", "us" or "our") announced today that its board of directors has appointed Alice W. Handy and John R. Kline as directors. Alice brings 48 years of investment experience, as leader of the University of Virginia endowment, state treasurer of Virginia and founder of Investure. John came to New Mountain in 2008 at the inception of the credit effort and has been fundamental to its growth and success.

  • New Mountain Finance (NMFC) Lags Q3 Earnings Estimates
    Zacks

    New Mountain Finance (NMFC) Lags Q3 Earnings Estimates

    New Mountain (NMFC) delivered earnings and revenue surprises of -2.86% and 4.20%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2019

    Reports Net Investment Income of $0.36 per Weighted Average Share and Net Asset Value of $13.35 per Share

  • New Mountain Finance (NMFC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    New Mountain Finance (NMFC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    New Mountain (NMFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Weekly CEO Buys Highlight
    GuruFocus.com

    Weekly CEO Buys Highlight

    Insiders invest in OPKO Health, Eli Lilly, Wesbanco, New Mountain Finance and Hersha Hospitality Continue reading...

  • Is New Mountain Finance Corporation (NMFC) Going to Burn These Hedge Funds?
    Insider Monkey

    Is New Mountain Finance Corporation (NMFC) Going to Burn These Hedge Funds?

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

  • Business Wire

    New Mountain Finance Corporation Announces Completion of Offering of 9,200,000 Shares of Common Stock

    New Mountain Finance Corporation (the “Company”) (NMFC) announced today that it has completed an underwritten offering of 9,200,000 shares of its common stock (including 1,200,000 shares of common stock that were issued pursuant to the full exercise of the option granted to the underwriters to purchase additional shares) at a public offering price of $13.25 per share. Certain of the Company’s officers and interested directors purchased an aggregate 400,000 shares in this offering at the public offering price. The Company’s investment adviser, New Mountain Finance Advisers BDC, L.L.C. (the “Adviser”), paid a sales load of $0.41 per share payable to the underwriters (other than the 400,000 shares purchased by certain officers and interested directors for which no sales load is payable to the underwriters).

  • Business Wire

    New Mountain Finance Corporation Announces Pricing of 8,000,000 Shares of Common Stock

    New Mountain Finance Corporation (the "Company") (NMFC) announced today that it has priced an underwritten offering of 8,000,000 shares of its common stock at a public offering price of $13.25 per share. Certain of the Company’s officers and interested directors are purchasing an aggregate 400,000 shares in this offering at the public offering price. The Company’s investment adviser, New Mountain Finance Advisers BDC, L.L.C. (the “Adviser”), has agreed to bear the sales load of $0.41 per share payable to the underwriters (other than the 400,000 shares to be purchased by certain officers and interested directors for which no sales load is payable to the underwriters).

  • Business Wire

    New Mountain Finance Corporation Commences Offering of 8,000,000 Shares of Common Stock

    New Mountain Finance Corporation (the “Company”) (NMFC) announced today that it has commenced an underwritten offering of 8,000,000 shares of its common stock. Certain of the Company’s officers and interested directors have submitted a non-binding indication of interest to purchase an aggregate 400,000 shares in this offering at the public offering price. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 1,200,000 shares of the Company’s common stock.

  • Business Wire

    New Mountain Finance Corporation Schedules its Third Quarter 2019 Earnings Release and Dividend Announcement

    New Mountain Finance Corporation (NMFC) (“NMFC” or “the Company”) today announced that it will release its financial results for the quarter ended September 30, 2019 on Wednesday, November 6, 2019 after the close of the U.S. financial markets. Additionally, at that time, the Company will announce its fourth quarter 2019 dividend. The Company will host an earnings conference call and audio webcast at 10:00 am (Eastern Time) on Thursday, November 7, 2019.

  • GuruFocus.com

    New Mountain Finance Corp (NMFC) President and COO John Kline Bought $101,400 of Shares

    President and COO of New Mountain Finance Corp (30-Year Financial, Insider Trades) John Kline (insider trades) bought 7,500 shares of NMFC on 09/09/2019 at an average price of $13.52 a share. Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of NMFC earnings conference call or presentation 8-Aug-19 2:00pm GMT

    Q2 2019 New Mountain Finance Corp Earnings Call

  • 10 BDCs to Buy for Big-Time Income
    Kiplinger

    10 BDCs to Buy for Big-Time Income

    The market for business development companies (BDCs) just got a little more institutional.For those of you unfamiliar with BDCs, here's a quick primer. Business development companies provide firms with debt and equity capital, or a combination of the two, to help them grow. They first came to be in 1980 when Congress passed an amendment to the Investment Act of 1940 that created a new category of closed-end investment company: BDCs.For tax purposes, BDCs must pay out 90% or more of their taxable income in the form of dividends so they can retain the tax benefits of regulated investment companies.BDCs have become popular with retail investors over the past decade because of the significant income they generate. These companies often yield more than 8% on their distributions.Consider this: BDC Owl Rock Capital Corporation (ORCC) sold 10 million shares to investors during its initial public offering on July 18, 2019. This IPO is important because Owl Rock Capital Partners, who operate the BDC, founded it in 2016 with the sole purpose of meeting the needs of institutional investors. Since its founding three years ago, Owl Rock has raised more than $5.5 billion from pension funds, university endowments, family offices and other high-net-worth investment vehicles. And when institutional-caliber investors get involved, it's time to take notice.Here are 10 BDCs to consider for your investment portfolio. Just remember: Their uber-high yields come with some measure of risk. Many use debt leverage to generate their strong returns, which is risky in the first place and adds interest-rate risk into the picture. Also, the companies they invest in typically have a higher chance of default than larger corporations. But for those willing to take the risks, these 10 BDCs yield between 5.7% and 10.9%. SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)

  • GuruFocus.com

    New Mountain Finance Corp (NMFC) EVP, CAO and Director Adam Weinstein Bought $124,729 of Shares

    EVP, CAO and Director of New Mountain Finance Corp (30-Year Financial, Insider Trades) Adam Weinstein (insider trades) bought 9,350 shares of NMFC on 08/12/2019 at an average price of $13.34 a share. Continue reading...

  • New Mountain Finance Corp (NMFC) Q2 2019 Earnings Call Transcript
    Motley Fool

    New Mountain Finance Corp (NMFC) Q2 2019 Earnings Call Transcript

    NMFC earnings call for the period ending June 30, 2019.

  • New Mountain Finance (NMFC) Meets Q2 Earnings Estimates (Revised)
    Zacks

    New Mountain Finance (NMFC) Meets Q2 Earnings Estimates (Revised)

    New Mountain (NMFC) delivered earnings and revenue surprises of 0% and 2.29%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • New Mountain Finance (NMFC) Misses Q2 Earnings Estimates
    Zacks

    New Mountain Finance (NMFC) Misses Q2 Earnings Estimates

    New Mountain (NMFC) delivered earnings and revenue surprises of -11.43% and 2.29%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • New Mountain Finance (NMFC) Earnings Expected to Grow: Should You Buy?
    Zacks

    New Mountain Finance (NMFC) Earnings Expected to Grow: Should You Buy?

    New Mountain (NMFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.