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Last $14.54 USD
Change Today -0.14 / -0.95%
Volume 165.6K
NMFC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

new mountain finance corp (NMFC) Snapshot

Open
$14.70
Previous Close
$14.68
Day High
$14.73
Day Low
$14.45
52 Week High
09/4/14 - $15.50
52 Week Low
10/15/14 - $13.93
Market Cap
849.5M
Average Volume 10 Days
231.0K
EPS TTM
$1.43
Shares Outstanding
58.1M
EX-Date
06/12/15
P/E TM
10.2x
Dividend
$1.36
Dividend Yield
10.19%
Current Stock Chart for NEW MOUNTAIN FINANCE CORP (NMFC)

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new mountain finance corp (NMFC) Details

New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States. It typically invests between $10 million and $50 million. Within middle market it seeks to invest in companies having EBITDA between $20 million and $200 million. It prefers to invest 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. The fund makes investments through both primary originations and open-market secondary purchases. It invests primarily in debt securities that are rated below investment grade and have contractual unlevered returns of 10% to 15%. The firm may also invest in distressed debt and related opportunities and prefers to invest in targets having private equity sponsorship. It seeks to hold its investments between five years and ten years.

new mountain finance corp (NMFC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Treasurer
Total Annual Compensation: --
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: --
Chief Administrative Officer, Executive Vice ...
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Managing Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

new mountain finance corp (NMFC) Key Developments

New Mountain Finance Corporation Enters into Amendment No. 2 to the Existing Senior Secured Revolving Credit Facility Maturing on June 4, 2019

On June 26, 2015, New Mountain Finance Corporation entered into Amendment No. 2 to the company's existing senior secured revolving credit facility maturing on June 4, 2019 provided by Goldman Sachs Bank USA as the Administrative Agent and Issuing Bank and Goldman Sachs Bank USA and Morgan Stanley Bank, N.A. as Lenders. The Amendment adds Stifel Bank & Trust as a new lender to the NMFC Credit Facility with a $15 million commitment, bringing total commitments under the NMFC Credit Facility to $95 million. The Amendment also increases the accordion feature of the NMFC Credit Facility from $100 million to $150 million.

New Mountain Finance Corporation Appoints Karrie J. Jerry as Chief Compliance Officer and Corporate Secretary

On June 22, 2015, the Board of Directors of New Mountain Finance Corporation appointed Karrie J. Jerry as the Chief Compliance Officer and Corporate Secretary of NMFC, in place of Paula A. Bosco, who previously served in such positions. Ms. Jerry joined NMFC in 2011 and served as NMFC's Compliance Vice President and Assistant Corporate Secretary prior to this promotion. Before joining NMFC, Ms. Jerry served as a Compliance Associate and Assistant Corporate Secretary at Apollo Investment Corporation from 2005 until 2011. During her time at Apollo, Ms. Jerry also served in compliance and corporate governance oversight roles of Apollo's other publicly listed funds, which included a real estate investment trust and another closed-end fund.

New Mountain Finance Corporation Declares Dividend for the Second Quarter 2015, Payable on June 30, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Financial Guidance for the Second Quarter of 2015

New Mountain Finance Corporation announced that its board of directors declared a second quarter 2015 dividend of $0.34 per share, which will be payable on June 30, 2015 to holders of record as of June 16, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total investment income of $36,536,000 against $30,439,000 for the same period a year ago. Net investment income was $19,062,000 against $16,058,000 for the same period a year ago. Net investment income before taxes was $19,211,000 against $16,058,000 for the same period a year ago. Net increase in net assets resulting from operations was $22,914,000 against $23,448,000 for the same period a year ago. Diluted earnings per share were $0.37 against $0.50 for the same period a year ago. Adjusted net investment income was $19.5 million, and adjusted net investment income per weighted average share was $0.34. Net investment income per weighted average share was $0.33. At March 31, 2015, net asset value per share was $13.89, an increase of $0.06 from December 31, 2014. Given the belief that its second quarter 2015 net investment income will fall in the previously declared expected range of $0.33 to $0.35 per share.

 

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