New Mountain Finance Co. (NASDAQ:NMFC - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 916,055 shares traded hands during mid-day trading, an increase of 133% from the previous session's volume of 392,706 shares.The stock last traded at $11.14 and had previously closed at $11.12.
New Mountain Finance Trading Up 1.5 %
The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a fifty day moving average of $11.48 and a 200 day moving average of $11.60. The company has a market capitalization of $1.20 billion, a PE ratio of 10.63 and a beta of 1.16.
New Mountain Finance (NASDAQ:NMFC - Get Free Report) last released 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 return on equity of 11.25% and a net margin of 30.28%. The firm had revenue of $92.89 million during the quarter, compared to the consensus estimate of $93.23 million. As a group, sell-side analysts predict that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.
New Mountain Finance Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date is Monday, March 17th. New Mountain Finance's payout ratio is 123.08%.
Insiders Place Their Bets
In other news, Director Steven B. Klinsky acquired 72,280 shares of New Mountain Finance stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $11.28 per share, with a total value of $815,318.40. Following the purchase, the director now directly owns 4,285,505 shares in the company, valued at $48,340,496.40. The trade was a 1.72 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Ogens bought 5,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $11.44 per share, for a total transaction of $57,200.00. Following the transaction, the director now owns 179,020 shares in the company, valued at approximately $2,047,988.80. The trade was a 2.87 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 10.22% of the company's stock.
Hedge Funds Weigh In On New Mountain Finance
Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in shares of New Mountain Finance during the 3rd quarter valued at approximately $26,000. Fox Run Management L.L.C. bought a new position in New Mountain Finance in the 4th quarter valued at $114,000. MQS Management LLC bought a new position in New Mountain Finance in the 4th quarter valued at $123,000. Larson Financial Group LLC grew its position in New Mountain Finance by 4,746.5% in the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company's stock valued at $123,000 after acquiring an additional 10,727 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in New Mountain Finance in the 3rd quarter valued at $129,000. Institutional investors own 32.08% of the company's stock.
New Mountain Finance Company Profile
(
Get 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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