New Mountain Finance Co. (NASDAQ:NMFC) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC trimmed its holdings in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 77.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,872 shares of the company's stock after selling 307,472 shares during the period. Tranquility Partners LLC owned about 0.08% of New Mountain Finance worth $1,117,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of New Mountain Finance by 1,017.3% in the 3rd quarter. International Assets Investment Management LLC now owns 374,487 shares of the company's stock valued at $4,486,000 after acquiring an additional 340,969 shares during the period. HighTower Advisors LLC raised its position in New Mountain Finance by 7.6% in the third quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company's stock valued at $40,438,000 after purchasing an additional 237,594 shares during the period. Franklin Resources Inc. acquired a new position in shares of New Mountain Finance during the third quarter worth about $2,608,000. Van ECK Associates Corp boosted its position in shares of New Mountain Finance by 8.1% in the third quarter. Van ECK Associates Corp now owns 2,249,321 shares of the company's stock worth $25,980,000 after buying an additional 168,719 shares during the period. Finally, Rockingstone Advisors LLC grew its stake in shares of New Mountain Finance by 79.1% in the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company's stock valued at $3,177,000 after buying an additional 124,599 shares in the last quarter. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their price target on New Mountain Finance from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, October 29th.

New Mountain Finance Stock Up 0.4 %

Shares of NMFC stock traded up $0.05 on Monday, hitting $11.93. The stock had a trading volume of 228,124 shares, compared to its average volume of 302,884. New Mountain Finance Co. has a 52-week low of $10.61 and a 52-week high of $13.01. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.36 and a beta of 1.15. 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's 50 day moving average is $11.42 and its 200-day moving average is $11.69.

Insider Buying and Selling at New Mountain Finance

In other New Mountain Finance news, Director Steven B. Klinsky bought 2,400 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of $11.74 per share, with a total value of $28,176.00. Following the transaction, the director now directly owns 4,118,522 shares in the company, valued at approximately $48,351,448.28. This trade represents a 0.06 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 132,371 shares of company stock valued at $1,512,829 in the last ninety days. Insiders own 10.22% of the company's stock.

About New Mountain Finance

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.