New Mountain Finance (NMFC) Misses Q3 EPS by 9c

New Mountain Finance (NYSE: NMFC) reported Q3 EPS of $0.26, $0.09 worse than the analyst estimate of $0.35.

Robert A. Hamwee, CEO, commented: "The third quarter represented another strong quarter of performance for NMFC. We originated $452 million of investments and once again had no new investments placed on non-accrual. Additionally, after our recent equity raise in October, we anticipate remaining fully levered in the fourth quarter.”

“As managers and as significant stockholders personally, we are pleased with the completion of another successful quarter,” added Steven B. Klinsky, NMFC Chairman. “We believe New Mountain’s focus on acyclical “defensive growth” industries and on companies that we know well continues to be a successful strategy to preserve asset value.”

For earnings history and earnings-related data on New Mountain Finance (NMFC) click here.

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