New Mountain Finance Co. (NASDAQ:NMFC) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 54.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 193,449 shares of the company's stock after buying an additional 67,990 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.18% of New Mountain Finance worth $2,318,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NMFC. Hillsdale Investment Management Inc. acquired a new position in New Mountain Finance in the 1st quarter worth $40,000. Quarry LP lifted its stake in shares of New Mountain Finance by 68.3% in the second quarter. Quarry LP now owns 3,307 shares of the company's stock worth $40,000 after acquiring an additional 1,342 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of New Mountain Finance in the first quarter worth about $52,000. Clearstead Trust LLC purchased a new position in New Mountain Finance in the second quarter valued at about $98,000. Finally, Lazard Asset Management LLC acquired a new stake in New Mountain Finance during the 1st quarter valued at approximately $126,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their target price on New Mountain Finance from $12.50 to $12.00 and set an "equal weight" rating on the stock in a research report on Friday, August 2nd.

New Mountain Finance Stock Down 0.3 %

NASDAQ NMFC traded down $0.04 during trading hours on Friday, reaching $11.55. 656,594 shares of the company traded hands, compared to its average volume of 393,840. The company has a 50 day moving average of $11.97 and a two-hundred day moving average of $12.27. The stock has a market capitalization of $1.25 billion, a PE ratio of 10.41 and a beta of 1.14. New Mountain Finance Co. has a 12 month low of $11.46 and a 12 month high of $13.23. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. New Mountain Finance had a net margin of 31.65% and a return on equity of 11.60%. The business had revenue of $94.59 million for the quarter, compared to analysts' expectations of $90.25 million. During the same quarter last year, the company posted $0.39 earnings per share. As a group, equities analysts expect that New Mountain Finance Co. will post 1.41 earnings per share for the current year.

New Mountain Finance Company 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.