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.
New Mountain Finance Corporation (Nasdaq: NMFC) will release its financial results for the quarter ending March 31, 2023, on May 8, 2023, after market hours. A conference call is scheduled for May 9, 2023, at 10:00 AM ET, where company officials will discuss results and conduct a Q&A session. Investors can join the call by dialing +1 (877) 443-9109 for the US or +1 (412) 317-1082 internationally. The call will also be accessible via a live audio webcast. A replay will be available after the call and can be accessed until August 9, 2023. New Mountain Finance focuses on providing direct lending solutions to U.S. middle-market companies, primarily in senior secured loans, leveraging expertise from New Mountain Capital, which manages approximately $37 billion in assets.
New Mountain Finance Corporation (NASDAQ: NMFC) has announced the pricing of an additional $60 million in 7.50% convertible notes due 2025. These notes are being offered at 100.5% of their principal amount and will be fungible with existing notes worth $200 million issued in November 2022. The total amount of convertible notes will be $260 million. The conversion rate is set at 70.5365 shares per $1,000 face value, equating to a conversion price of approximately $14.18 per share, reflecting a 12.5% premium over the last stock price of $12.60. Proceeds will be used to repay debt and for corporate purposes. Oppenheimer & Co. Inc. is the placement agent.
New Mountain Finance Corporation (NASDAQ: NMFC) reported an adjusted net investment income of $0.35 per share for Q4 2022, a decrease compared to $0.31 from the previous year. The net asset value (NAV) per share fell to $13.02 from $13.20. The company declared a first-quarter distribution of $0.32 per share, payable on March 31, 2023. Total investment income for 2022 reached $293.4 million, up from $269.6 million in 2021, while total net expenses increased to $174.9 million. The board introduced a supplemental dividend program to enhance shareholder returns. Additionally, the company remains focused on maintaining portfolio credit quality amidst economic challenges.
New Mountain Finance Corporation (NASDAQ: NMFC) will release its financial results for the fourth quarter and year ended December 31, 2022, on February 27, 2023, after market close. An earnings conference call is scheduled for February 28, 2023, at 10:00 am ET, where company officials will discuss the results and answer questions. Interested participants can join via a provided dial-in or webcast link. A replay of the call will be available until February 28, 2024.
New Mountain Finance Corporation (NASDAQ: NMFC) has authorized an extension of its stock repurchase program until December 31, 2023, allowing for the repurchase of up to $50 million of common stock. Approximately $2.9 million has been repurchased to date. The board believes that ongoing market volatility may undervalue NMFC's shares, thus the extension provides an opportunity for management to enhance shareholder value through strategic repurchases in response to market conditions.
New Mountain Finance Corporation (NASDAQ: NMFC) reported a net investment income (NII) of $0.32 per share for Q3 2022, marking a slight increase from $0.31 in Q3 2021. The company's net asset value (NAV) decreased to $13.20 per share from $13.42 in Q2 2022. NMFC declared a 7% increase in the fourth-quarter distribution to $0.32 per share, payable on December 30, 2022. Total investment income for Q3 was $78.1 million, compared to $68.1 million in the prior year. The company's portfolio continues to focus on 'defensive growth' industries, with 92% of assets rated as low risk.
New Mountain Finance Corporation (NASDAQ: NMFC) has completed a
New Mountain Finance Corporation (NASDAQ: NMFC) has priced
FAQ
What is the current stock price of NEW MOUNTAIN FINANCE CORPORATION (NMFC)?
What is the market cap of NEW MOUNTAIN FINANCE CORPORATION (NMFC)?
What does New Mountain Finance Corporation do?
What types of investments does NMFC make?
What is the main investment objective of NMFC?
How does NMFC choose its investments?
Can individuals invest in NMFC?
What recent achievements has NMFC accomplished?
How does NMFC ensure transparency with shareholders?
What sectors does NMFC focus on for its investments?
Is NMFC a good investment option?
How often does NMFC release updates on its performance?
