Dynamic Technology Lab Private Ltd purchased a new position in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,081 shares of the company's stock, valued at approximately $305,000.
Several other institutional investors have also recently added to or reduced their stakes in NMFC. BNP Paribas Financial Markets purchased a new stake in New Mountain Finance during the 3rd quarter valued at approximately $26,000. Centiva Capital LP acquired a new position in New Mountain Finance during the third quarter worth $130,000. Stifel Financial Corp boosted its position in shares of New Mountain Finance by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 47,138 shares of the company's stock worth $565,000 after buying an additional 2,389 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of New Mountain Finance in the third quarter valued at about $375,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in New Mountain Finance in the 3rd quarter valued at approximately $168,000. Hedge funds and other institutional investors own 32.08% of the company's stock.
New Mountain Finance Trading Up 0.1 %
NMFC traded up $0.01 during midday trading on Wednesday, hitting $9.49. The company's stock had a trading volume of 145,464 shares, compared to its average volume of 460,839. New Mountain Finance Co. has a 52-week low of $8.84 and a 52-week high of $12.81. The firm has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $11.32. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm has a market cap of $1.02 billion, a P/E ratio of 9.03 and a beta of 0.84.
New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $92.89 million for the quarter, compared to analyst estimates of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. On average, research analysts anticipate that New Mountain Finance Co. will post 1.39 earnings per share for the current year.
New Mountain Finance Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 13.49%. The ex-dividend date was Monday, March 17th. New Mountain Finance's payout ratio is currently 123.08%.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods reduced their target price on shares of New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.
Read Our Latest Research Report on New Mountain Finance
Insider Buying and Selling at New Mountain Finance
In other New Mountain Finance news, Director David Ogens purchased 5,000 shares of New Mountain Finance stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $11.44 per share, with a total value of $57,200.00. Following the completion of the transaction, the director now directly owns 179,020 shares in the company, valued at approximately $2,047,988.80. This represents a 2.87 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.22% of the stock is owned by company insiders.
About New Mountain Finance
(
Free Report)
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.
See Also
Before you consider New Mountain Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Mountain Finance wasn't on the list.
While New Mountain Finance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
