TrueMark Investments LLC Makes New $320,000 Investment in New Mountain Finance Co. (NASDAQ:NMFC)

TrueMark Investments LLC purchased a new stake in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 28,446 shares of the company's stock, valued at approximately $320,000.

A number of other large investors have also added to or reduced their stakes in NMFC. Quantbot Technologies LP purchased a new position in shares of New Mountain Finance during the third quarter valued at approximately $129,000. BNP Paribas Financial Markets bought a new stake in shares of New Mountain Finance during the 3rd quarter valued at about $26,000. Paloma Partners Management Co bought a new position in New Mountain Finance in the third quarter worth about $351,000. Centiva Capital LP purchased a new stake in New Mountain Finance in the third quarter worth about $130,000. Finally, HighTower Advisors LLC boosted its position in New Mountain Finance by 7.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company's stock valued at $40,438,000 after acquiring an additional 237,594 shares in the last quarter. Institutional investors own 32.08% of the company's stock.

New Mountain Finance Trading Down 0.4 %

NASDAQ NMFC opened at $11.03 on Tuesday. The stock's 50 day moving average is $11.48 and its 200 day moving average is $11.51. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $1.19 billion, a PE ratio of 10.50 and a beta of 1.16. New Mountain Finance Co. has a twelve month low of $10.62 and a twelve month high of $12.81.

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New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The business had revenue of $92.89 million during the quarter, compared to the consensus estimate of $93.23 million. Research analysts forecast that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.60%. New Mountain Finance's dividend payout ratio is currently 123.08%.

Insider Buying and Selling

In related news, Director David Ogens purchased 5,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $11.44 per share, with a total value of $57,200.00. Following the transaction, the director now directly owns 179,020 shares in the company, valued at $2,047,988.80. This trade represents a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.22% of the stock is currently owned by company insiders.

New Mountain Finance Profile

New Mountain Finance Corporation Nasdaq: NMFC, a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.