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NEW MOUNTAIN FINANCE CORPORATION - NMFC STOCK NEWS

Welcome to our dedicated page for NEW MOUNTAIN FINANCE CORPORATION news (Ticker: NMFC), a resource for investors and traders seeking the latest updates and insights on NEW MOUNTAIN FINANCE CORPORATION stock.

New Mountain Finance Corporation (NMFC) is a closed-end, non-diversified management investment company dedicated to generating current income and capital appreciation. The company achieves this through strategic investments in debt and equity securities. NMFC primarily focuses on sourcing and originating debt securities across the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.

NMFC invests in a variety of equity interests such as preferred stock, common stock, warrants, or options, often acquired in conjunction with debt investments or through direct investment in the equity of private companies. This approach allows NMFC to diversify its portfolio and leverage various opportunities to enhance returns.

The firm is known for its disciplined investment strategy, robust risk management practices, and a strong track record of delivering value to its shareholders. NMFC's portfolio is characterized by high-quality assets and a meticulous selection process aimed at minimizing risk while maximizing returns.

Recent achievements for New Mountain Finance Corporation include successful debt placements and strategic partnerships that have fortified its market position. The company continues to explore new investment opportunities, providing updates on financial performance and projects through regular reports and communications.

Investors in NMFC can expect a well-rounded investment approach, combining income generation with the potential for capital gains. The company's commitment to transparency and shareholder value underscores its operations, making it a significant player in the investment management sector.

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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.
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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.
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New Mountain Finance Corporation (NMFC) to Release Financial Results for Q4 and Year Ended December 31, 2023
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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.
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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.
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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.
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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.
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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.
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FAQ

What is the current stock price of NEW MOUNTAIN FINANCE CORPORATION (NMFC)?

The current stock price of NEW MOUNTAIN FINANCE CORPORATION (NMFC) is $11.11 as of January 6, 2025.

What is the market cap of NEW MOUNTAIN FINANCE CORPORATION (NMFC)?

The market cap of NEW MOUNTAIN FINANCE CORPORATION (NMFC) is approximately 1.2B.

What does New Mountain Finance Corporation do?

New Mountain Finance Corporation is a closed-end investment company that invests in debt and equity securities to generate income and capital appreciation.

What types of investments does NMFC make?

NMFC invests in debt securities such as first and second-lien debt, notes, bonds, mezzanine securities, and equity interests including preferred stock, common stock, warrants, or options.

What is the main investment objective of NMFC?

The primary objective of NMFC is to generate current income and capital appreciation through its diverse investment portfolio.

How does NMFC choose its investments?

NMFC employs a disciplined investment strategy focused on sourcing and originating high-quality debt and equity securities to minimize risk and maximize returns.

Can individuals invest in NMFC?

Yes, individuals can invest in NMFC through the stock market under the symbol NMFC.

What recent achievements has NMFC accomplished?

NMFC has successfully placed debt investments and formed strategic partnerships, strengthening its market position.

How does NMFC ensure transparency with shareholders?

NMFC maintains transparency through regular financial reports, updates on projects, and clear communication with shareholders.

What sectors does NMFC focus on for its investments?

NMFC does not restrict itself to specific sectors but seeks high-quality opportunities across various industries to build a diversified portfolio.

Is NMFC a good investment option?

NMFC is considered a robust investment option due to its disciplined strategy, strong track record, and commitment to generating income and capital appreciation.

How often does NMFC release updates on its performance?

NMFC regularly releases updates on its performance, including quarterly and annual reports, to keep investors informed.
NEW MOUNTAIN FINANCE CORPORATION

Nasdaq:NMFC

NMFC Rankings

NMFC Stock Data

1.21B
95.62M
11.33%
36.52%
1.41%
Asset Management
Financial Services
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United States of America
NEW YORK