NMFC News and Press, New Mountain Finance Corporation From 06/30/20

Quick BDC Market Update As mentioned in previous articles, I was expecting Business Development Company ("BDC") pricing to pull back from recent highs for various reasons including profit-taking and a partial return to "risk-off" mode. Clearly the potential for additional or rene...

As we all know very well, the coronavirus has shut down economic activity across the world, impacting nearly all businesses, but hitting small businesses especially hard. This has had a direct effect on the balance sheets of business development companies (or BDCs for short). For the uniniti...

Introduction: Over the coming months, I will have a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding over 12% and their safer notes - baby bonds/preferred shares with yield-to-maturities ranging from 6.5% t...

Business Development Companies ("BDCs") were created by Congress in 1980 to give investors an opportunity to invest in private small- and mid-sized U.S. companies typically overlooked by banks. The following slide from ARCC breaks out many of the requirements of the BDC/RIC structure inclu...

Investment Thesis New Mountain Finance ( NMFC ) is a Business Development Company that has had a decent record of providing steady income to shareholders since 2011. However, it has not been immune to the effects from COVID-19, which forced it to cut the dividend by 12% due to lower anticipa...

Insider buying almost doubled last week with insiders purchasing $209.6 million of stock compared to $107.94 million in the week prior. Selling also increased with insiders selling $1.47 billion of stock last week compared to $1.33 billion in the week prior. Sell/Buy Ratio: The insider Sel...

Nonbank lenders, specifically business development companies ("BDCs"), may have a tough time surviving a slow economic recovery if the businesses that they lend to struggle to reopen or shut down as a result of pandemic lockdowns. More news on: Oaktree Specialty Lending Corporation, FS K...

Even a broken clock is right twice a day. In the stock market, making a right call could be the result of research or dumb luck or a mix of both. Whatever the case was for me, those who invested in BIZD when I published my first or second article could sell, as of 05/27/2020, and have an alpha...

Quick Article Follow-Up As mentioned earlier this month in " Heavily-Discounted Monthly Dividend Payer ," Business Development Companies continue to trade at depressed values for many reasons including being considered small-cap, financial sector, and high yield, all of which have been ...

Insider buying decreased significantly last week, with insiders purchasing $107.94 million of stock compared to $305.64 million in the week prior. Selling also decreased, with insiders selling $1.33 billion of stock last week compared to $2.89 billion in the week prior. Most of the management ...