|Bid||13.30 x 900|
|Ask||13.54 x 4000|
|Day's Range||13.35 - 13.53|
|52 Week Range||12.06 - 14.38|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||12.25|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||1.36 (10.02%)|
|1y Target Est||14.56|
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...
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%!)
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 (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 (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?
Reports Net Investment Income of $0.35 per Weighted Average Share and Net Asset Value of $13.41 per Share
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.
An Alpharetta-based health tech company says it will use the new funding to enhance its core capability of providing clinical data liquidity to reduce health care costs and improve the quality of patient outcomes.
New Mountain Finance Corp NYSE:NMFCView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for NMFC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NMFC. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NMFC totaled $5,000. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
New Mountain Finance Corporation (NMFC) (“NMFC” or “the Company”) today announced that it will release its financial results for the quarter ended June 30, 2019 on Wednesday, August 7, 2019 after the close of the U.S. financial markets. Additionally, at that time, the Company will announce its third quarter 2019 dividend. The Company will host an earnings conference call and audio webcast at 10:00 am (Eastern Time) on Thursday, August 8, 2019.
New Mountain Finance Corporation (the “Company”) (NMFC) announced today that it has completed an offering of $86.25 million in aggregate principal amount of additional 5.75% unsecured convertible notes due 2023 (the “Notes”), which includes $11.25 million in aggregate principal amount of the Notes that were issued pursuant to the full exercise of the option granted to the underwriters to purchase additional Notes. The total net proceeds to the Company from the offering of the Notes, exclusive of accrued interest from February 15, 2019 and offering expenses, is $86.25 million. The Notes constitute a further issuance of, rank equally in right of payment with, and form a single series with the $115 million in aggregate principal amount of the Notes that the Company issued in August 2018.
In addition, the Company has granted the underwriters of the Notes an option to purchase up to an additional $11.25 million in aggregate principal amount of the Notes. The closing of the offering is subject to customary closing conditions and is expected to take place on June 7, 2019. The Notes constitute a further issuance of, rank equally in right of payment with, and form a single series with the $115 million in aggregate principal amount of the Notes that the Company issued in August 2018. The Notes will be convertible into shares of the Company’s common stock based on an initial conversion rate of 65.8762 shares of the Company’s common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $15.18 per share of common stock, representing a 7.3% conversion premium over the last reported sale price of the Company’s common stock on June 4, 2019, which was $14.15 per share.
New Mountain Finance Corporation (the “Company”) (NMFC) announced today that it intends to commence an underwritten public offering, subject to market and other conditions, of $50 million in aggregate principal amount of additional 5.75% unsecured convertible notes due 2023 (the “Notes”). In addition, the Company expects to grant the underwriters of the Notes an option to purchase up to an additional $7.5 million in aggregate principal amount of the Notes. The Notes constitute a further issuance of, rank equally in right of payment with, and form a single series with the $115 million in aggregate principal amount of Notes that the Company issued in August 2018.
New Mountain (NMFC) delivered earnings and revenue surprises of -2.86% and 2.17%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the New York-based company said it had profit of 49 cents. Earnings, adjusted for investment gains, came to 34 cents per share. The results missed Wall Street expectations. The average ...