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
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
Analyst ratings and price targets
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)
8-K
Other Events
28 Dec 22
SC TO-I/A
Issuer tender offer statement (amended)
7 Dec 22
10-Q
2022 Q3
Quarterly report
8 Nov 22
8-K
New Mountain Finance Corporation Announces Third Quarter Financial Results
8 Nov 22
SC TO-I
Issuer tender offer statement
4 Nov 22
8-K
New Mountain Finance Corporation Announces Completion of Offering of $200 Million of 7.50% Convertible Notes due 2025
2 Nov 22
8-K
Entry into a Material Definitive Agreement
28 Oct 22
10-Q
2022 Q2
Quarterly report
8 Aug 22
8-K
Results of Operations and Financial Condition
8 Aug 22
8-K
Entry into a Material Definitive Agreement
17 Jun 22
Transcripts
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
NMFC
Earnings call transcript
2021 Q2
5 Aug 21
NMFC
Earnings call transcript
2021 Q1
6 May 21
NMFC
Earnings call transcript
2020 Q4
25 Feb 21
NMFC
Earnings call transcript
2020 Q3
5 Nov 20
NMFC
Earnings call transcript
2020 Q2
6 Aug 20
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Institutional ownership, Q3 2022
32.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 147 |
Opened positions | 14 |
Closed positions | 27 |
Increased positions | 46 |
Reduced positions | 43 |
13F shares | Current |
---|---|
Total value | 371.10 mm |
Total shares | 32.28 mm |
Total puts | 21.10 k |
Total calls | 55.80 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Round Table Services | 3.80 mm | $43.78 mm |
Allspring Global Investments | 3.11 mm | $35.91 mm |
HighTower Advisors | 2.37 mm | $27.36 mm |
LSV Asset Management | 2.20 mm | $25.34 mm |
MS Morgan Stanley | 1.78 mm | $20.51 mm |
Cliffwater | 1.37 mm | $15.75 mm |
Dimension Capital Management | 1.18 mm | $13.57 mm |
Van Eck Associates | 1.15 mm | $13.21 mm |
JPM JPMorgan Chase & Co. | 1.12 mm | $12.96 mm |
Klinsky Steven B | 1.02 mm | $10.27 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.9 | 5,928 | 76.47 k | 395,643.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.895 | 2,435 | 31.40 k | 389,715.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.885 | 1,200 | 15.46 k | 387,280.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.89 | 820 | 10.57 k | 386,080.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.88 | 5,931 | 76.39 k | 385,260.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.87 | 2,819 | 36.28 k | 379,329.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.875 | 603 | 7.76 k | 376,510.213 |
6 Sep 22 | Weinstein Adam | Common Stock | Buy | Acquire P | No | No | 12.865 | 200 | 2.57 k | 375,907.213 |
2 Sep 22 | Ogens David | Common Stock | Buy | Acquire P | No | No | 12.9152 | 2,600 | 33.58 k | 123,452 |
1 Sep 22 | Klinsky Steven B | Common Stock | Buy | Acquire P | Yes | No | 12.9 | 16 | 206.40 | 16 |
News
New Mountain Finance Corporation Extends Stock Repurchase Program From Dec 31, 2022 To Dec 31, 2023
28 Dec 22
Wells Fargo Maintains Overweight on New Mountain Finance, Lowers Price Target to $12.5
10 Nov 22
New Mountain Finance Q3 EPS $0.32 Beats $0.31 Estimate
8 Nov 22
Earnings Scheduled For November 8, 2022
8 Nov 22
Preview: New Mountain Finance's Earnings
7 Nov 22
Press releases
New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2022 Earnings Release and Conference Call
5 Jan 23
New Mountain Finance Corporation Extends Stock Repurchase Program
28 Dec 22
KBW Announces Index Rebalancing for Fourth Quarter 2022
9 Dec 22
New Mountain Finance Corporation Announces Third Quarter Financial Results
8 Nov 22
New Mountain Finance Corporation Announces Completion of Offering of $200 Million of 7.50% Convertible Notes due 2025
2 Nov 22