New Mountain Finance Corporation Stock News

NMFC's high dividend yield is attractive, but declining earnings and portfolio vulnerabilities raise concerns about sustainability and overall attractiveness. NMFC's portfolio lacks industry diversity, making it more vulnerable to sector-specific downturns, despite having a significant portion in senior secured debt. The current discount to NAV and potential interest rate cuts may offer a favor...

We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.

New Mountain Finance lowered its supplemental dividend to $0.01 per share and paused the program due to falling net investment income. The dividend pay-out ratio rose to 97%, increasing the risk of a future dividend cut in a falling-rate environment. The stock is now rated 'Hold' due to the narrower margin of safety and anticipated lower net investment income.

We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken furt...

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New Mountain Finance Corporation (NASDAQ:NMFC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New Mountain Capital Laura Holson - Chief Operating Officer Kris Corbett - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Paul Johnston - KBW Bryce Rowe ...

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended September 30, 2024. Third Quarter Highlights2 Adjusted net investment income1 of $36.7 million, or $0.34 per weighted average share Net asset value of $12.62 per share compared to $12.74 per share as of J...