New Mountain Finance Corporation

NMFC

US6475511001

Closed End Funds

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
12.72 ^USD	+1.11%		+1.35%	0.00%

Feb. 27	Transcript : New Mountain Finance Corporation, Q4 2023 Earnings Call, Feb 27, 2024
Feb. 26	New Mountain Finance Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI

New Mountain Finance Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

February 26, 2024 at 04:48 pm EST

New Mountain Finance Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 374.84 million compared to USD 294.63 million a year ago. Net income was USD 135.34 million compared to USD 74.73 million a year ago.

Basic earnings per share from continuing operations was USD 1.34 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 0.74 a year ago.

Latest news about New Mountain Finance Corporation

Transcript : New Mountain Finance Corporation, Q4 2023 Earnings Call, Feb 27, 2024	Feb. 27
New Mountain Finance Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Wells Fargo Adjusts Price Target on New Mountain Finance to $12.50 From $12, Maintains Equalweight Rating	Jan. 29	MT
Tech Stocks Drag Down Exchange-Traded Funds, Equity Futures Pre-Bell Friday	Jan. 26	MT
New Mountain Finance Prices $300 Million Public Offering of Notes	Jan. 26	MT
Sector Update: Financial Stocks Edge Higher Premarket Thursday	Dec. 14	MT
New Mountain Finance Declares Special Dividend of $0.10 a Share, Payable Dec. 29 to Holders of Record Dec. 22; $50 Million Share Buyback Extended Through 2024	Dec. 13	MT
New Mountain Finance Corporation Declares Special Distribution, Payable on December 29, 2023	Dec. 13	CI
New Mountain Finance Corporation Announces Executive Changes	Nov. 22	CI
New Mountain Finance Corporation Announces CFO Changes	Nov. 22	CI
New Mountain Finance Appoints Kris Corbett as Finance Chief	Nov. 22	MT
Transcript : New Mountain Finance Corporation, Q3 2023 Earnings Call, Nov 03, 2023	Nov. 03
New Mountain Finance Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
New Mountain Finance Corporation Declares Supplemental Distribution, Payable on December 29, 2023	Nov. 02	CI
New Mountain Finance Corporation Declares Regular Fourth Quarter 2023 Distribution, Payable on December 29, 2023	Nov. 02	CI
Janney Raises Price Target on New Mountain Finance to $14 From $13, Keeps Buy Rating	23-08-04	MT
B. Riley Lifts New Mountain Finance's Price Target to $13 From $12.50, Keeps Neutral Rating	23-08-04	MT
Transcript : New Mountain Finance Corporation, Q2 2023 Earnings Call, Aug 03, 2023	23-08-03
New Mountain Finance Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-02	CI
New Mountain Finance Corporation Declares Supplemental Distribution Related to Second Quarter Earnings , Payable September 29, 2023	23-08-02	CI
New Mountain Finance Corporation Declares Third Quarter Distribution, Payable on September 29, 2023	23-08-02	CI
New Mountain Finance Corporation Enters into Amendment No. 7 to the Loan Financing and Servicing Agreement and Amendment No. 1 to the Amended and Restated Senior Secured Revolving Credit Agreement	23-07-06	CI
New Mountain Finance Corporation Appoints Barbara Daniel to Its Board of Directors	23-06-30	CI
Wells Fargo Adjusts New Mountain Finance Price Target to $11.50 From $11, Maintains Equal Weight Rating	23-05-10	MT
Oppenheimer Adjusts New Mountain Finance Price Target to $13 From $14, Maintains Outperform Rating	23-05-10	MT

Chart New Mountain Finance Corporation

Duration

Period

More charts

Company Profile

New Mountain Finance Corporation is a business development company focused on providing direct lending solutions to United States middle market companies backed by private equity sponsors. Its investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. It makes investments through both primary originations and open-market secondary purchases. It invests a significant portion of its portfolio in unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position. The Company invests in various sectors, such as software, business services, healthcare, education, consumer services, distribution and logistics, packaging, financial services, and others. New Mountain Finance Advisers BDC, L.L.C. is the investment adviser of the Company.

Sector

Closed End Funds

Calendar

2024-04-30 - Q1 2024 Earnings Release

More about the company

Income Statement Evolution

More financial data

Ratings for New Mountain Finance Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.72 USD

Average target price

13.14 USD

Spread / Average Target

+3.32%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Closed End Funds

	1st Jan change	Capi.
NEW MOUNTAIN FINANCE CORPORATION	0.00%	1.35B
ARES CAPITAL CORPORATION	+3.74%	12.61B
PERSHING SQUARE HOLDINGS, LTD.	+5.50%	9.01B
FS KKR CAPITAL CORP.	-3.20%	5.41B
PIMCO DYNAMIC INCOME FUND	+5.63%	5.19B
SPROTT PHYSICAL URANIUM TRUST FUND	+2.44%	5.25B
SPROTT PHYSICAL SILVER TRUST	+14.36%	4.48B
SPROTT PHYSICAL GOLD AND SILVER TRUST	+16.67%	4.44B
MACQUARIE KOREA INFRASTRUCTURE FUND	+1.53%	4B
3I INFRASTRUCTURE PLC	+1.56%	3.75B

Closed End Funds