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Mar 31, 2022
NMFC Q1 2022 Earnings Report
Reported solid first quarter results with net asset value increasing.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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
Challenges Ahead
- 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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