Condor Capital Management trimmed its position in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 94.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,764 shares of the company's stock after selling 298,165 shares during the quarter. Condor Capital Management's holdings in New Mountain Finance were worth $189,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC grew its holdings in shares of New Mountain Finance by 2.7% during the 3rd quarter. Cerity Partners LLC now owns 3,823,925 shares of the company's stock worth $45,811,000 after purchasing an additional 100,315 shares during the period. Quantbot Technologies LP acquired a new position in New Mountain Finance in the third quarter valued at about $129,000. BNP Paribas Financial Markets acquired a new position in New Mountain Finance in the third quarter valued at about $26,000. Paloma Partners Management Co purchased a new position in New Mountain Finance during the third quarter worth about $351,000. Finally, Centiva Capital LP acquired a new stake in shares of New Mountain Finance during the third quarter valued at about $130,000. Hedge funds and other institutional investors own 32.08% of the company's stock.
New Mountain Finance Trading Up 0.5 %
Shares of NASDAQ:NMFC traded up $0.05 during mid-day trading on Tuesday, reaching $11.09. 282,505 shares of the company were exchanged, compared to its average volume of 429,946. New Mountain Finance Co. has a 1 year low of $10.62 and a 1 year high of $12.81. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. The firm's 50-day simple moving average is $11.48 and its 200 day simple moving average is $11.55. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.56 and a beta of 1.16.
New Mountain Finance (NASDAQ:NMFC - Get Free Report) last released 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 firm had revenue of $92.89 million for the quarter, compared to analysts' expectations of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. Equities research analysts forecast that New Mountain Finance Co. will post 1.39 EPS for the current year.
New Mountain Finance Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 11.54%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance's dividend payout ratio is currently 123.08%.
Insiders Place Their Bets
In other New Mountain Finance news, Director David Ogens bought 5,000 shares of the business's stock in a transaction that occurred 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 purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.22% of the company's stock.
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.
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