New Mountain Finance Co. (NASDAQ:NMFC) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,823,925 shares of the company's stock after buying an additional 100,315 shares during the period. Cerity Partners LLC owned approximately 3.55% of New Mountain Finance worth $45,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tranquility Partners LLC raised its holdings in New Mountain Finance by 2.5% in the 3rd quarter. Tranquility Partners LLC now owns 398,344 shares of the company's stock valued at $4,772,000 after acquiring an additional 9,591 shares during the last quarter. Muzinich & Co. Inc. increased its holdings in shares of New Mountain Finance by 6.4% in the third quarter. Muzinich & Co. Inc. now owns 346,118 shares of the company's stock valued at $4,146,000 after purchasing an additional 20,827 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in New Mountain Finance by 9.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 340,158 shares of the company's stock worth $4,075,000 after buying an additional 28,957 shares in the last quarter. First National Trust Co boosted its stake in New Mountain Finance by 101.1% during the third quarter. First National Trust Co now owns 160,005 shares of the company's stock worth $1,917,000 after buying an additional 80,451 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in New Mountain Finance by 0.7% during the third quarter. Lindbrook Capital LLC now owns 325,365 shares of the company's stock worth $3,898,000 after buying an additional 2,389 shares during the last quarter. 32.08% of the stock is currently owned by institutional investors and hedge funds.

New Mountain Finance Trading Up 2.0 %

NASDAQ:NMFC traded up $0.23 on Friday, hitting $11.76. The stock had a trading volume of 419,970 shares, compared to its average volume of 735,037. The company has a fifty day moving average price of $11.61 and a two-hundred day moving average price of $12.09. New Mountain Finance Co. has a 1-year low of $10.61 and a 1-year high of $13.23. 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 stock has a market cap of $1.27 billion, a price-to-earnings ratio of 11.20 and a beta of 1.15.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $95.33 million during the quarter, compared to analyst estimates of $94.10 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The company's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. Equities research analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, December 17th. This is a boost from New Mountain Finance's previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.22%. New Mountain Finance's dividend payout ratio is currently 121.91%.

Insider Buying and Selling

In other news, Director Steven B. Klinsky bought 34,867 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average price of $11.51 per share, with a total value of $401,319.17. Following the purchase, the director now owns 4,056,324 shares in the company, valued at approximately $46,688,289.24. The trade was a 0.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Kline bought 41,550 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was purchased at an average cost of $10.92 per share, with a total value of $453,726.00. Following the completion of the transaction, the chief executive officer now owns 351,783 shares in the company, valued at $3,841,470.36. This represents a 13.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 227,026 shares of company stock valued at $2,492,165. 10.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price target on New Mountain Finance from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th.

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.