New Mountain Finance (NMFC) Misses Q2 EPS by 1c

New Mountain Finance (NYSE: NMFC) reported Q2 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35.

Robert A. Hamwee, CEO, commented: "The second quarter represented another solid quarter of performance for NMFC. We originated $296 million of investments as we began the process of increasing our leverage ratio following this quarter's shareholder approval. Additionally, we maintained a stable book value and portfolio yield.”

We are very pleased with the completion of another successful quarter,” added Steven B. Klinsky, NMFC Chairman. “We believe New Mountain’s strategy of focusing on “defensive growth” industries and on companies that we know well continues to prove to be a successful strategy. We believe one of our keys to success is the strength of the team and we continue to build the team over time, now at over 140 employees.”

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

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