Union Bancaire Privee UBP SA Takes $309,000 Position in New Mountain Finance Co. (NASDAQ:NMFC)

Union Bancaire Privee UBP SA bought a new position in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,419 shares of the company's stock, valued at approximately $309,000.

Several other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of New Mountain Finance during the third quarter valued at approximately $26,000. Quarry LP lifted its holdings in shares of New Mountain Finance by 68.3% during the second quarter. Quarry LP now owns 3,307 shares of the company's stock valued at $40,000 after purchasing an additional 1,342 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of New Mountain Finance during the third quarter valued at approximately $129,000. Centiva Capital LP purchased a new position in shares of New Mountain Finance during the third quarter valued at approximately $130,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of New Mountain Finance during the third quarter valued at approximately $168,000. 32.08% of the stock is owned by institutional investors.

New Mountain Finance Stock Performance

NMFC traded up $0.14 during mid-day trading on Friday, reaching $11.72. 447,554 shares of the company traded hands, compared to its average volume of 313,917. The stock has a market capitalization of $1.26 billion, a P/E ratio of 11.16 and a beta of 1.15. 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 company's fifty day moving average price is $11.44 and its 200-day moving average price is $11.74. New Mountain Finance Co. has a 52-week low of $10.61 and a 52-week high of $13.04.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The company had revenue of $95.33 million for the quarter, compared to analysts' expectations of $94.10 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. New Mountain Finance's quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that New Mountain Finance Co. will post 1.39 EPS for the current year.

Insider Buying and Selling

In other news, CEO John Kline acquired 41,550 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was purchased at an average price of $10.92 per share, for a total transaction of $453,726.00. Following the completion of the transaction, the chief executive officer now directly owns 351,783 shares in the company, valued at approximately $3,841,470.36. This trade represents a 13.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven B. Klinsky acquired 150,609 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $10.87 per share, with a total value of $1,637,119.83. Following the transaction, the director now owns 3,632,326 shares of the company's stock, valued at approximately $39,483,383.62. This represents a 4.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 324,530 shares of company stock valued at $3,603,675. Company insiders own 10.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their target price on shares of 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 Company 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.