New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. The Company's first lien debt may include traditional first lien senior secured loans or unitranche loans. Unitranche loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans. Unitranche loans will expose the Company to the risks associated with second lien and subordinated loans to the extent it invests in the 'last out' tranche. In some cases, the investments may also include small equity interests. The Company's investment activities are managed by its Investment Adviser, New Mountain Finance Advisers BDC, L.L.C., which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.
Company profile
Ticker
NMFC, NMFCZ
Exchange
Website
CEO
Robert Hamwee
Employees
Incorporated
Location
Fiscal year end
Former names
New Mountain Guardian Corp
SEC CIK
Corporate docs
IRS number
272978010
SEC advisor number
801-79743
FINRA CRD number
171546
Employees
129
(20 investment advisory or research)
Address
New Mountain Finance
1633 BROADWAY
48TH FLOOR
NEW YORK
NY 10019
1633 BROADWAY
48TH FLOOR
NEW YORK
NY 10019
Office hours
Monday - Friday, 8:30 AM - 6:00 PM
Phone
2127300200
NMFC stock data
Ownership
Owner | Title | From | %Ownership |
---|---|---|---|
Hamwee, Robert, Alan | Chief Executive Officer | 10/2010 | < 5% |
Weinstein, Adam | Executive Vice President and Chief Administrative Officer | 01/2013 | < 5% |
Klinsky, Steven, Bruce | Chairman of the Board | 10/2010 | 5-10% |
Kline, John, Randolph | President and Chief Operating Officer | 01/2013 | < 5% |
Jerry, Karrie, Jean | Chief Compliance Officer and Corporate Secretary | 06/2015 | < 5% |
Kajee, Shiraz, Younus | Chief Financial Officer | 12/2015 | < 5% |
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
26 Mar 24
DEF 14A
Definitive proxy
26 Mar 24
8-K
Reports Net Investment Income of $0.40 per Share
26 Feb 24
8-K
Entry into a Material Definitive Agreement
8 Feb 24
8-K
Entry into a Material Definitive Agreement
1 Feb 24
8-K
Entry into a Material Definitive Agreement
26 Jan 24
424B2
Prospectus for primary offering
26 Jan 24
FWP
Free writing prospectus
25 Jan 24
424B2
Prospectus for primary offering
25 Jan 24
8-K
New Mountain Finance Corporation Announces Preliminary Estimates of Fourth Quarter 2023 Operating Results
18 Jan 24
Transcripts
NMFC
Earnings call transcript
2023 Q3
3 Nov 23
NMFC
Earnings call transcript
2023 Q2
8 Aug 23
NMFC
Earnings call transcript
2023 Q2
3 Aug 23
NMFC
Earnings call transcript
2023 Q1
9 May 23
NMFC
Earnings call transcript
2022 Q4
28 Feb 23
NMFC
Earnings call transcript
2022 Q3
9 Nov 22
NMFC
Earnings call transcript
2022 Q2
9 Aug 22
NMFC
Earnings call transcript
2022 Q1
10 May 22
NMFC
Earnings call transcript
2021 Q4
1 Mar 22
NMFC
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Institutional ownership, Q3 2023
32.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 162 |
Opened positions | 23 |
Closed positions | 14 |
Increased positions | 51 |
Reduced positions | 45 |
13F shares | Current |
---|---|
Total value | 383.44 bn |
Total shares | 33.51 mm |
Total puts | 1.40 k |
Total calls | 43.10 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Cerity Partners | 3.48 mm | $45.11 bn |
Allspring Global Investments | 3.07 mm | $39.82 bn |
HighTower Advisors | 2.83 mm | $36.63 bn |
LSV Asset Management | 2.63 mm | $33.99 mm |
MS Morgan Stanley | 2.17 mm | $28.11 bn |
Van Eck Associates | 1.41 mm | $18.19 bn |
Dimension Capital Management | 1.21 mm | $15.68 bn |
JPM JPMorgan Chase & Co. | 1.16 mm | $15.01 bn |
Klinsky Steven B | 1.02 mm | $10.27 mm |
Palisade Capital Management | 998.75 k | $12.93 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Jul 23 | Hamwee Robert | Common Stock | Sell | Dispose S | No | No | 12.86 | 15 | 192.90 | 549,373.11 |
11 May 23 | Laura Holson Boswerger | Common Stock | Buy | Acquire P | No | No | 11.87 | 5,000 | 59.35 k | 49,398.5 |
11 May 23 | Laura Holson Boswerger | Common Stock | Buy | Acquire P | No | No | 11.9 | 5,000 | 59.50 k | 44,398.5 |
11 May 23 | Laura Holson Boswerger | Common Stock | Buy | Acquire P | No | No | 11.89 | 4,975 | 59.15 k | 39,398.5 |
17 Mar 23 | Klinsky Steven B | Common Stock | Buy | Acquire P | No | No | 11.7417 | 100,000 | 1.17 mm | 7,820,680.97 |
16 Mar 23 | Klinsky Steven B | Common Stock | Buy | Acquire P | No | No | 11.7154 | 100,000 | 1.17 mm | 7,720,680.97 |
15 Mar 23 | Klinsky Steven B | Common Stock | Buy | Acquire P | No | No | 11.8306 | 100,000 | 1.18 mm | 7,620,680.97 |
Press releases
New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2023
26 Feb 24
KBRA Assigns Rating to New Mountain Finance Corporation's $300 Million 6.875% Senior Unsecured Notes Due 2029
26 Jan 24
New Mountain Finance Corporation Prices Public Offering of $300 Million 6.875% Notes Due 2029
25 Jan 24
New Mountain Finance Corporation Announces Preliminary Estimates of Fourth Quarter 2023 Operating Results
18 Jan 24
New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2023 Earnings Release and Conference Call
5 Jan 24