NASDAQ$NMFC
New Mountain Finance Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported financial results for the quarter ended September 30, 2021, with net investment income of $0.31 per share, exceeding previous guidance. A permanent decrease in the base management fee from 1.75% to 1.40% was announced, and the previously announced dividend protection program was extended.
New Mountain Finance Corporation announced solid third-quarter performance, highlighted by $430 million in originations and a focus on investing in high-quality, defensive growth companies. The company's net asset value (NAV) per share was $13.26, and a fourth-quarter distribution of $0.30 per share was declared.
- Net investment income for the third quarter was $0.31 per weighted average share, exceeding previous guidance.
- NAV per share was $13.26 as of September 30, 2021.
- A fourth-quarter distribution of $0.30 per share was declared, payable on December 30, 2021.
- The base management fee was permanently decreased from 1.75% to 1.40%.
Headline financials
Revenue & EPS history
NMFC · Revenue · Quarterly
$68.5M
Revenue by segment
NMFC · $2.88B total across 5 segments · Q3 2023
- First Lien$1.69B-4.4%58.8%
- Second Lien$546M-7.9%19.0%
- Common Equity and Other$356M-8.7%12.4%
- Preferred Equity$196M+12.3%6.8%
- Subordinated$86.2M+16.9%3.0%
Forward guidance
The company expects Q4 Net Investment Income will be at least $0.30 per share, prior to any fee waivers, and remains confident that Net Investment Income will continue to cover the quarterly dividend for the foreseeable future.
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 Q3 2021
-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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