New Mountain Finance (US:NMFC) Businesswire·2025-11-03 21:38Core Insights - New Mountain Finance Corporation reported a net investment income of $0.32 per share for Q3 2025, maintaining its dividend distribution at the same rate for Q4 2025 [1][4][20] Financial Performance - Net investment income for Q3 2025 was $33.9 million, down from $34.5 million in Q3 2024 [3][4] - Net adjusted investment income per weighted average share decreased to $0.32 from $0.34 year-over-year [3] - The annualized dividend yield increased to 13.2% from 11.9% in the previous year [3] Portfolio and Asset Quality - The investment portfolio's fair value as of September 30, 2025, was $2,957.1 million, a decrease from $3,014.2 million as of June 30, 2025 [3][4] - The net asset value (NAV) per share was $12.06, down from $12.21 [3][4] - Approximately 95% of the portfolio is rated green, indicating strong credit performance [4][5] Investment Strategy and Activity - The company originated $127.3 million in investments during the quarter, offset by $177.1 million in repayments [5] - The company has increased its senior-oriented asset mix to 80% from 75% year-over-year [4] - A new stock repurchase plan has been established, allowing for the repurchase of up to $100 million worth of common shares [4] Debt and Liquidity - As of September 30, 2025, total statutory debt outstanding was $1,588.9 million, with a statutory debt-to-equity ratio of 1.26x [10] - The company had cash and cash equivalents of $63.7 million and $1,018.0 million of available capacity on its credit facilities [10] Industry Focus - New Mountain Finance Corporation primarily targets middle-market businesses that exhibit defensive growth characteristics, such as acyclicality and strong free cash flow [6][21] - The company emphasizes investments in high-quality growth leaders within well-researched industries [22]