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New Mountain Finance Corporation (NASDAQ:NMFC), a leading business development company with a market capitalization of $1.17 billion and an impressive dividend yield of 18%, reported the results of its 2025 Annual Meeting of Stockholders held on May 16, 2025, in a recent SEC 8-K filing. According to InvestingPro data, the company maintains a healthy P/E ratio of 10.6 and has earned a "GOOD" overall financial health score.
The company’s stockholders voted on two critical matters during the annual meeting, with significant implications for the company’s future direction. The first matter addressed the election of three directors to the company’s board, each set to serve a three-year term until the 2028 Annual Meeting of Stockholders. The elected directors were Barbara Daniel, Robert A. Hamwee, and Alfred F. Hurley, Jr. The voting results for each director were as follows:
- Barbara Daniel received 39,087,683 votes for and 2,622,873 votes withheld, with 38,860,562 broker non-votes.
- Robert A. Hamwee garnered 26,618,858 votes for and 15,091,698 votes withheld, alongside 38,860,562 broker non-votes.
- Alfred F. Hurley, Jr. achieved 33,508,934 votes for and 8,201,622 votes withheld, with broker non-votes also at 38,860,562.
The second matter involved the ratification of Deloitte & Touche LLP as NMFC’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The appointment was ratified with an overwhelming majority, receiving 79,175,604 votes for, 1,010,308 against, and 385,206 abstained. There were no broker non-votes for this proposal.
The filing also noted the presence of 107,851,415 shares of common stock outstanding and entitled to vote as of the Record Date, March 19, 2025.
In addition to the voting results, the SEC filing included an exhibit, specifically the Cover Page Interactive Data File, which is embedded within the Inline XBRL document. The filing further confirms that all information is based on the press release statement, providing transparency about the source of the data.
The company, headquartered in New York, is incorporated in Delaware and operates under the fiscal year-end of December 31. This SEC filing provides shareholders and potential investors with essential insights into the governance and oversight of New Mountain Finance Corporation. Currently trading at $10.84, the stock has shown resilience with a beta of 0.89. Unlock comprehensive analysis and additional ProTips with InvestingPro, where expert research reports provide deep-dive insights into NMFC’s performance and prospects.
In other recent news, New Mountain Finance Corporation (NMFC) reported its Q1 2025 earnings, showing earnings per share (EPS) of $0.32, aligning with analyst expectations. However, the company experienced a slight revenue shortfall, reporting $85.66 million against a forecast of $87.46 million. Despite this, NMFC’s strategic focus on portfolio optimization and a defensive strategy has maintained investor confidence, as evidenced by a declared dividend of $0.32 per share for Q2 2025. Analysts from Wells Fargo (NYSE:WFC) and Raymond (NSE:RYMD) James have engaged with NMFC regarding its financial strategies, reflecting ongoing interest in the company’s market performance. The firm’s net asset value per share declined marginally by $0.10 to $12.45, although NMFC continues to demonstrate stable credit performance. The company has also announced a stock repurchase program authorizing the buyback of up to $47 million in shares, indicating strategic maneuvers to enhance shareholder value. Looking ahead, NMFC plans to leverage refinancing opportunities to bolster future growth, supported by a dividend protection program extending through 2026.
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