New Mountain Finance Co. (NASDAQ:NMFC - Get Free Report) Director David Ogens purchased 5,000 shares of New Mountain Finance stock in a transaction dated Tuesday, March 4th. The stock was bought 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 of the company's stock, valued at $2,047,988.80. This represents a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
New Mountain Finance Stock Up 1.1 %
NMFC traded up $0.12 during midday trading on Friday, hitting $11.38. 412,183 shares of the company's stock traded hands, compared to its average volume of 371,743. The company has a market cap of $1.23 billion, a PE ratio of 10.84 and a beta of 1.16. The stock's fifty day simple moving average is $11.50 and its 200-day simple moving average is $11.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. New Mountain Finance Co. has a one year low of $10.61 and a one year high of $13.01.
New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $92.89 million for the quarter, compared to the consensus estimate of $93.23 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. As a group, equities analysts anticipate that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.
New Mountain Finance Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 11.25%. The ex-dividend date is Monday, March 17th. New Mountain Finance's payout ratio is presently 123.08%.
Hedge Funds Weigh In On New Mountain Finance
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMFC. Stephens Inc. AR raised its position in New Mountain Finance by 10.9% during the third quarter. Stephens Inc. AR now owns 25,500 shares of the company's stock valued at $305,000 after acquiring an additional 2,500 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in New Mountain Finance during the third quarter valued at approximately $169,000. Confluence Investment Management LLC grew its holdings in New Mountain Finance by 1.1% during the third quarter. Confluence Investment Management LLC now owns 428,334 shares of the company's stock valued at $5,131,000 after purchasing an additional 4,756 shares during the last quarter. Lindbrook Capital LLC grew its holdings in New Mountain Finance by 0.7% during the third quarter. Lindbrook Capital LLC now owns 325,365 shares of the company's stock valued at $3,898,000 after purchasing an additional 2,389 shares during the last quarter. Finally, First National Trust Co grew its holdings 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 valued at $1,917,000 after purchasing an additional 80,451 shares during the last quarter. Institutional investors own 32.08% of the company's stock.
About New Mountain Finance
(
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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.
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