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Last $15.07 USD
Change Today -0.02 / -0.13%
Volume 167.0K
NMFC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

new mountain finance corp (NMFC) Snapshot

Open
$14.97
Previous Close
$15.09
Day High
$15.10
Day Low
$14.97
52 Week High
09/4/14 - $15.50
52 Week Low
10/15/14 - $13.93
Market Cap
880.4M
Average Volume 10 Days
221.0K
EPS TTM
$1.43
Shares Outstanding
58.1M
EX-Date
06/12/15
P/E TM
10.5x
Dividend
$1.36
Dividend Yield
9.82%
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 ...
Total Annual Compensation: --
Managing Director, Chief Compliance Officer, ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

new mountain finance corp (NMFC) Key Developments

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.

New Mountain Finance Corporation - Shareholder/Analyst Call

Annual Meeting of Stockholders

New Mountain Finance Corporation, Annual General Meeting, Apr 28, 2015

New Mountain Finance Corporation, Annual General Meeting, Apr 28, 2015., at 09:00 US Eastern Standard Time. Agenda: To elect two directors to the board of directors, who will each serve for a term of three years, or until their successors are duly elected and qualify; to ratify the appointment of Deloitte & Touche LLP to serve as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; and to transact such other business as may properly come before the annual meeting.

 

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