New Mountain Finance (NMFC)

Company Profile

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

NASDAQ

Website

www.newmountainfinance.com

CEO

Robert Hamwee

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Securities and Commodity Exchanges

Former names

New Mountain Guardian Corp

SEC CIK

0001496099

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

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

Office hours

Monday - Friday, 8:30 AM - 6:00 PM

Phone

2127300200

Brochures

New Mountain Finance Corporation Part 2A Brochure July 1, 2021 (1 Jul 21)

NMFC stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

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)

View all

Issuer tender offer statement (amended)

8 Nov 22

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

8 Aug 22

Results of Operations and Financial Condition

8 Aug 22

8-K

Entry into a Material Definitive Agreement

17 Jun 22

Transcripts

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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

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Laura Holson Boswerger

14 Jun 22

Laura Holson Boswerger

26 May 22

Laura Holson Boswerger

Financial summary

Financial statements Chart NMFC financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2022

NMFC institutional ownership history Ownership history

32.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	147	160	-8.1%
Opened positions	14	26	-46.2%
Closed positions	27	14	+92.9%
Increased positions	46	53	-13.2%
Reduced positions	43	39	+10.3%

13F shares	Current	Prev Q	Change
Total value	371.10 mm	390.44 mm	-5.0%
Total shares	32.28 mm	32.94 mm	-2.0%
Total puts	21.10 k	19.40 k	+8.8%
Total calls	55.80 k	40.50 k	+37.8%
Total put/call ratio	0.4	0.5	-21.1%

Largest owners	Shares	Value	Change
Round Table Services	3.80 mm	$43.78 mm	+4.7%
Allspring Global Investments	3.11 mm	$35.91 mm	+0.3%
HighTower Advisors	2.37 mm	$27.36 mm	+7.1%
LSV Asset Management	2.20 mm	$25.34 mm	+4.8%
MS Morgan Stanley	1.78 mm	$20.51 mm	-0.1%
Cliffwater	1.37 mm	$15.75 mm	+7.9%
Dimension Capital Management	1.18 mm	$13.57 mm	-2.5%
Van Eck Associates	1.15 mm	$13.21 mm	-7.0%
JPM JPMorgan Chase & Co.	1.12 mm	$12.96 mm	+5.1%
Klinsky Steven B	1.02 mm	$10.27 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Steven Patrick Farmer	0.00	-403.19 k	EXIT
Round Table Services	3.80 mm	+171.03 k	+4.7%
Assenagon Asset Management	0.00	-158.61 k	EXIT
HighTower Advisors	2.37 mm	+157.14 k	+7.1%
Two Sigma Advisers	388.00 k	-155.10 k	-28.6%
Two Sigma Investments	321.63 k	-155.07 k	-32.5%
Altium Wealth Management	0.00	-147.07 k	EXIT
BLK Blackrock	748.22 k	+136.62 k	+22.3%
Analyst IMS Investment Management Services	0.00	-111.23 k	EXIT
Millennium Management	104.26 k	-101.44 k	-49.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NMFC insider ownership history Insider history

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