NASDAQ$NMFC
New Mountain Finance Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a strong start to 2023 with net investment income per share growth and stable credit performance.
New Mountain Finance Corporation reported a solid first quarter with net investment income of $0.38 per share and a net asset value of $13.14 per share. The company's net investment income per share outpaced its regular quarterly dividend, leading to a supplemental distribution of $0.03 per share.
- Net investment income was $0.38 per weighted average share.
- Net asset value (NAV) per share was $13.14, compared to $13.02 on December 31, 2022.
- A second quarter regular distribution of $0.32 per share and a supplemental distribution of $0.03 per share were declared.
- The portfolio had a fair value of $3,286.9 million in 112 portfolio companies with a weighted average YTM at Cost of approximately 10.9%.
Headline financials
Revenue & EPS history
NMFC · Revenue · Quarterly
$37.6M
Revenue by segment
NMFC · $3.03B total across 5 segments · Q1 2023
- First Lien$1.8B+2.1%59.3%
- Second Lien$579M-7.5%19.1%
- Common Equity and Other$387M-8.1%12.8%
- Preferred Equity$191M+19.6%6.3%
- Subordinated$78.3M+42.7%2.6%
Forward guidance
No specific forward guidance was provided in the press release.
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 2023
-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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