NMFC - New Mountain Finance Corporation

NYSE - NYSE Delayed Price. Currency in USD
10.07
+0.15 (+1.51%)
At close: 4:00PM EDT
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Previous Close9.92
Open10.30
Bid9.96 x 800
Ask10.10 x 800
Day's Range9.95 - 10.50
52 Week Range4.62 - 14.45
Volume1,093,393
Avg. Volume1,445,069
Market Cap975.051M
Beta (5Y Monthly)1.21
PE Ratio (TTM)N/A
EPS (TTM)-1.15
Earnings DateAug. 05, 2019 - Aug. 09, 2019
Forward Dividend & Yield1.20 (12.10%)
Ex-Dividend DateJun. 15, 2020
1y Target Est9.29
  • New Mountain Finance Corp (NMFC) Q1 2020 Earnings Call Transcript
    Motley Fool

    New Mountain Finance Corp (NMFC) Q1 2020 Earnings Call Transcript

    On the line with me here today are Steve Klinsky, Chairman of NMFC and CEO of New Mountain Capital; John Kline, President and COO of NMFC; and Shiraz Kajee, CFO of NMFC. Before diving into the business update, we do want to recognize that we are living in a public health crisis that is taking a significant human toll on our communities across our country and around the globe.

  • Bloomberg

    For Private Debt’s BDCs, the Worst May Be Yet to Come This Year

    (Bloomberg) -- Business development companies, the most visible pocket of the $800 billion private credit market, face more dividend cuts and possibly even restructurings later this year after the Covid-19 pandemic has bruised their portfolios.The companies this month released results for the quarter ended March 31, and the industry saw steep drop-offs in the value of investments and other headwinds caused by the new coronavirus. BDCs that wrote down the loans they own by about 6.5% ended up posting declines in their net asset value per share ranging between 6% and 30%, according to JMP Securities analyst Christopher York.Those writedowns make it harder for the companies to continue paying out as much to investors, York said. More than a dozen BDCs, including FS KKR Capital Corp. and New Mountain Finance Corp., slashed their dividend payments recently.In July, ahead of the next round of earnings “you may see some other BDCs that haven’t done so reduce their dividends,” York said in an interview. Lower dividends can punish BDCs, whose shareholders are often seeking income. BDC share prices fell an average of around 45% in the first quarter on investors’ expectations of dividend cuts.Requests for comment from FS KKR and New Mountain weren’t immediately returned.Managing LiabilitiesIn focus for many market watchers is how BDCs are contending with their own debt loads. Capitala Finance Corp., for example, said in early May it couldn’t draw on its senior secured credit facility due to its non-compliance with covenants.In an email, Capitala Chief Executive Officer Joseph Alala said the BDC has sufficient liquidity, due to its $55 million in cash and a new small business investment company license that allows it to borrow up to $175 million from the U.S. Small Business Administration at maximum leverage with funded equity.Ryan Lynch, an analyst at Keefe, Bruyette & Woods, scrutinized BDCs’ financials to evaluate how well the companies could weather the pandemic. Those that will fare best, according to Lynch, are those that have the lowest leverage; with the highest percentage of liabilities in unsecured debt, which provide more financial flexiblity; that have a high level of undrawn credit facility capacity and lower amounts of unfunded commitments.“That puts you in a better position to not only survive this downturn but also to take advantage of deals at the bottom,” Lynch said.For the second quarter, analysts will be watching to see how much portfolios recover from mark-to-market losses. Investors may be even less forgiving than they were for the first quarter.“I think the scrutiny will kick up in the second quarter,” said Richard Wheelahan, a founding partner at debt advisory firm Fund Finance Partners. “Extrapolate the themes from Q1 and increase the order of magnitude.”Investors will watch results closely for signs of more losses brewing in companies’ portfolios. This trend could play out over the rest of the year, said JMP’s York.“The second quarter you should see significant accelerations in non-accrual investment and then in the third quarter you should expect to see some restructures -- that will be the sequence,” York said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of NMFC earnings conference call or presentation 7-May-20 2:00pm GMT

    Q1 2020 New Mountain Finance Corp Earnings Call

  • New Mountain Finance (NMFC) Q1 Earnings Beat Estimates
    Zacks

    New Mountain Finance (NMFC) Q1 Earnings Beat Estimates

    New Mountain (NMFC) delivered earnings and revenue surprises of 3.03% and -4.67%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2020
    Business Wire

    New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2020

    New Mountain Finance Corporation today announced its financial results for the quarter ended March 31, 2020 and reported first quarter net investment

  • New Mountain Finance Corporation Schedules Its First Quarter 2020 Earnings Release and Dividend Announcement
    Business Wire

    New Mountain Finance Corporation Schedules Its First Quarter 2020 Earnings Release and Dividend Announcement

    New Mountain Finance Corporation Schedules Its First Quarter 2020 Earnings Release and Dividend Announcement

  • New Mountain Finance Corporation Issues Letter to Stakeholders
    Business Wire

    New Mountain Finance Corporation Issues Letter to Stakeholders

    NMFC Shareholder Letter regarding COVID-19 impact.

  • Thomson Reuters StreetEvents

    Edited Transcript of NMFC earnings conference call or presentation 27-Feb-20 3:00pm GMT

    Q4 2019 New Mountain Finance Corp Earnings Call

  • 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

  • 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?

  • 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.

  • 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

  • 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.