New Mountain Finance ( (NMFC) ) just unveiled an announcement.
On February 26, 2025, New Mountain Finance Corporation announced its financial results for the fourth quarter and year ended December 31, 2024, reporting a net investment income of $0.32 per share. The company declared a first quarter 2025 distribution of $0.32 per share, payable on March 31, 2025. A significant event was the partial exit from its investment in UniTek Global Services, Inc., which valued UniTek at $370 million, above its current mark. This move is part of NMFC’s strategy to diversify its top positions and optimize its liabilities, reflecting strong credit performance and strategic focus on senior-oriented assets.
More about New Mountain Finance
New Mountain Finance Corporation operates in the financial services industry, focusing on middle market businesses. It primarily targets high-quality, defensive growth companies across various sectors such as software, business services, and healthcare, emphasizing acyclicality and sustainable growth.
YTD Price Performance: 5.47%
Average Trading Volume: 445,857
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.29B
See more insights into NMFC stock on TipRanks’ Stock Analysis page.