Last $14.45 USD
Change Today +0.10 / 0.70%
Volume 653.5K
NMFC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

new mountain finance corp (NMFC) Snapshot

Open
$14.36
Previous Close
$14.35
Day High
$14.50
Day Low
$14.36
52 Week High
09/4/14 - $15.50
52 Week Low
05/9/14 - $13.75
Market Cap
831.1M
Average Volume 10 Days
787.1K
EPS TTM
$1.26
Shares Outstanding
57.2M
EX-Date
09/12/14
P/E TM
11.5x
Dividend
$1.36
Dividend Yield
10.24%
Current Stock Chart for NEW MOUNTAIN FINANCE CORP (NMFC)

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new mountain finance corp (NMFC) Details

New Mountain Finance Corporation operates as a closed-end, non-diversified management investment company. The company, through its interest in New Mountain Finance Holdings, L.L.C., invests in debt securities at various levels of the capital structure, including first and second lien debt, notes, bonds, and mezzanine securities; in equity interests, such as preferred stock, common stock, warrants, or options received in connection with its debt investments; and directly in the equity of private companies. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, energy, media, consumer and industrial services, healthcare information technology, information technology, retail, and power generation. New Mountain Finance Corporation, formerly known as New Mountain Guardian Corporation, was incorporated in 2010 and is based in New York, New York.

new mountain finance corp (NMFC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Treasurer
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Chief Operating Officer and Executive Vice Pr...
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Chief Administrative Officer, Executive Vice ...
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Chief Compliance Officer, Chief Regulatory Co...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

new mountain finance corp (NMFC) Key Developments

New Mountain Finance Corporation Provides Earnings Guidance for the Quarter Ended September 30, 2014

New Mountain Finance Corporation provided earnings guidance for the quarter ended September 30, 2014. For the quarter, the company currently expects adjusted net investment income per share was between $0.34 and $0.35. As of October 22, 2014, the company estimates that net asset value per share is approximately $14.35, which reflects developments in the company’s investment portfolio since June 30, 2014 including a partial write-down related to UniTek Global Services Inc. due to developments described below.

New Mountain Finance Seeks Acquisitions

New Mountain Finance Corporation (NYSE:NMFC) is looking for acquisition opportunities. New Mountain Finance commenced an underwritten offering of 5 million shares of its common stock and intends to use the net proceeds from the offering primarily for new investments in portfolio companies in accordance with its investment objective and strategies.

New Mountain Finance Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Declares Third Quarter 2014 Cash Dividend, Payable on September 30, 2014 and Declares Special Dividend, Payable on September 3, 2014; Reaffirms Net Investment Income for the Third Quarter of 2014

New Mountain Finance Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total investment income was $33,708,000 compared to $26,400,000 for the same period last year. Net investment income was $17,289,000 compared to $17,674,000 for the same period last year. Net realized gain on investment allocated from New Mountain Finance Holdings, L.L.C was $5,860,000 compared to $2,478,000 for the same period last year. Net increase in net assets resulting from operations was $23,662,000 or $0.44 per diluted share against $10,992,000 or $0.35 per diluted share for the same period a year ago. Adjusted net investment income was $0.36 per weighted average share. Pro-forma adjusted net investment income was $18.5 per weighted average share against $0.36 per weighted average share for the same period a year ago. At June 30, 2014, net asset value per share was $14.65, an increase of $0.12 from March 31, 2014. The company's total adjusted investment income and the Predecessor Operating company's pro-forma adjusted investment income for the three months ended June 30, 2014 and 2013 were approximately $33.7 million and $28.5 million, respectively. The company's total adjusted investment income and the Predecessor Operating Company's pro-forma adjusted investment income consisted of approximately $28.4 million and $23.4 million in cash interest income from investments, respectively. The company recorded approximately $4.7 million and $2.1 million of adjusted net realized gains and adjusted net changes in unrealized appreciation of investments, respectively. For the three months ended June 30, 2013, the Predecessor Operating Company recorded approximately $0.6 million and $9.1 million in pro-forma adjusted net realized gains and pro-forma adjusted net changes in unrealized depreciation of investments, respectively. The company's book value on June 30, 2014 was $14.65 per share, which is up $0.12 from last quarter. For the six months, total investment income was $64,147,000 compared to $42,081,000 for the same period last year. Net investment income was $33,347,000 compared to $24,892,000 for the same period last year. Net realized gain on investment allocated from New Mountain Finance Holdings, L.L.C was $8,568,000 compared to $3,164,000 for the same period last year. Net increase in net assets resulting from operations was $47,110,000 or $0.95 per diluted share against $26,508,000 or $0.92 per diluted share for the same period a year ago. Pro-forma adjusted net investment income was $35.8 per weighted average share against $0.73 per weighted average share for the same period a year ago. The company announced that its board of directors declared a third quarter 2014 dividend of $0.34 per share, which will be payable on September 30, 2014 to holders of record as of September 16, 2014. Additionally, the company announced that its board of directors declared a special dividend of $0.12 per share related to realized gains from the sale of one of the company's investments in warrants. The special dividend will be payable on September 3, 2014 to holders of record as of August 20, 2014. The company still believes that its third quarter net investment income will fall in the previously declared expected range of $0.33 to $0.35 per share.

 

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Price/Book 1.0x
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