NASDAQ$NMFC
New Mountain Finance Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported solid first quarter results with net asset value increasing.
New Mountain Finance Corporation announced financial results for the quarter ended March 31, 2022, reporting a net investment income of $0.30 per weighted average share. The NAV per share increased to $13.56, and the company declared a second quarter distribution of $0.30 per share.
- Net asset value increased seven cents per share.
- No new investments were placed on non-accrual.
- Accumulated net proceeds of approximately $20.5 million from the at-the-market program.
- Announced a second quarter distribution of $0.30 per share.
Headline financials
Revenue & EPS history
NMFC · Revenue · Quarterly
$69M
Revenue by segment
NMFC · $3.02B total across 5 segments · Q1 2022
- First Lien$1.76B—58.3%
- Second Lien$626M—20.7%
- Common Equity and Other$421M—13.9%
- Preferred Equity$160M—5.3%
- Subordinated$54.9M—1.8%
Forward guidance
The company expects Q2 Net Investment Income will be at least $0.30 per share and expects Net Investment Income will continue to cover our quarterly dividend for the foreseeable future.
Tailwinds
- Q2 Net Investment Income will be at least $0.30 per share
- Consistent operating performance
- Continued support from investment advisor
- Net Investment Income will continue to cover quarterly dividend
- Portfolio remains well positioned
Headwinds
- Impact of COVID-19
- The current conflict between Russia and Ukraine
- Related changes in base interest rates
- Significant volatility on our business
- Significant volatility on our portfolio companies
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.0%
Avg return
30 days after
56%
10 / 18 earnings
Positive
+4.3%
Q1 2025
Best reaction
-4.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -3.7% | -8.8% | |
| Q4 2025 | -4.3% | -4.5% | -8.1% | |
| Q3 2025 | +0.2% | -0.5% | +0.4% | |
| Q1 2025 | +4.3% | +6.7% | +9.4% | |
| Q3 2024 | +0.4% | -5.1% | +4.9% | |
| Q2 2024 | -1.0% | -4.5% | -1.5% | |
| Q1 2024 | +0.0% | -0.4% | -0.8% | |
| Q4 2023 | +1.8% | +0.7% | -0.9% | |
| Q3 2023 | +2.7% | +1.4% | +3.1% | |
| Q2 2023 | +0.5% | +3.1% | +0.9% | |
| Q1 2023 | +0.5% | +2.6% | +7.5% | |
| Q4 2022 | -1.7% | -0.6% | -5.1% | |
| Q3 2022 | -3.0% | +0.3% | +1.0% | |
| Q2 2022 | +0.7% | +2.5% | -0.3% | |
| Q1 2022 | -2.7% | -5.4% | -2.9% | |
| Q4 2021 | +1.0% | +1.6% | +2.4% | |
| Q3 2021 | -1.8% | -0.5% | -3.3% | |
| Q4 2020 | +0.2% | +2.3% | +3.0% |
Discussion
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