GraniteShares Advisors LLC Buys 38,786 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

GraniteShares Advisors LLC lifted its stake in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,414 shares of the company's stock after purchasing an additional 38,786 shares during the quarter. GraniteShares Advisors LLC owned about 0.20% of New Mountain Finance worth $2,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Inspire Investing LLC boosted its holdings in shares of New Mountain Finance by 3.5% in the 4th quarter. Inspire Investing LLC now owns 35,455 shares of the company's stock worth $399,000 after purchasing an additional 1,188 shares during the period. Confluence Investment Management LLC boosted its holdings in New Mountain Finance by 0.3% during the 4th quarter. Confluence Investment Management LLC now owns 429,806 shares of the company's stock valued at $4,840,000 after acquiring an additional 1,472 shares during the period. BNP Paribas Financial Markets purchased a new position in New Mountain Finance during the 3rd quarter valued at $26,000. Lindbrook Capital LLC boosted its holdings in New Mountain Finance by 0.7% during the 3rd quarter. Lindbrook Capital LLC now owns 325,365 shares of the company's stock valued at $3,898,000 after acquiring an additional 2,389 shares during the period. Finally, Stifel Financial Corp boosted its holdings in New Mountain Finance by 5.3% during the 3rd quarter. Stifel Financial Corp now owns 47,138 shares of the company's stock valued at $565,000 after acquiring an additional 2,389 shares during the period. Hedge funds and other institutional investors own 32.08% of the company's stock.

Insiders Place Their Bets

In other news, Director Steven B. Klinsky bought 6,200 shares of the stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $11.75 per share, for a total transaction of $72,850.00. Following the acquisition, the director now owns 4,122,655 shares of the company's stock, valued at $48,441,196.25. This represents a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders bought 95,104 shares of company stock worth $1,083,334. 10.22% of the stock is currently owned by company insiders.

New Mountain Finance Trading Up 1.3 %

NMFC traded up $0.15 during trading hours on Friday, reaching $11.65. 430,062 shares of the company's stock traded hands, compared to its average volume of 358,573. The firm has a 50-day moving average price of $11.48 and a 200 day moving average price of $11.68. New Mountain Finance Co. has a 52-week low of $10.61 and a 52-week high of $13.01. 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 firm has a market capitalization of $1.26 billion, a PE ratio of 11.10 and a beta of 1.15.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business had revenue of $92.89 million for the quarter, compared to analysts' expectations of $93.23 million. As a group, sell-side analysts predict that New Mountain Finance Co. will post 1.39 EPS for the current fiscal 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 issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 10.99%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance's dividend payout ratio is 123.08%.

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.