New Mountain Finance Co. (NASDAQ:NMFC) Shares Sold by WFA Asset Management Corp

WFA Asset Management Corp cut its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 89.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,399 shares of the company's stock after selling 36,307 shares during the quarter. WFA Asset Management Corp's holdings in New Mountain Finance were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in New Mountain Finance during the third quarter valued at $26,000. Quarry LP lifted its position in 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 period. Quantbot Technologies LP bought a new stake in New Mountain Finance in the 3rd quarter worth approximately $129,000. Centiva Capital LP purchased a new stake in New Mountain Finance during the 3rd quarter valued at $130,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of New Mountain Finance in the 3rd quarter worth approximately $168,000. Institutional investors own 32.08% of the company's stock.

New Mountain Finance Trading Down 0.0 %

NASDAQ NMFC traded down $0.01 during trading on Wednesday, hitting $11.62. The stock had a trading volume of 220,547 shares, compared to its average volume of 341,213. The stock has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $11.73. 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 market capitalization of $1.25 billion, a price-to-earnings ratio of 11.06 and a beta of 1.15. New Mountain Finance Co. has a one year low of $10.61 and a one year high of $13.01.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th.

Insider Buying and Selling at New Mountain Finance

In related news, Director Steven B. Klinsky purchased 34,867 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $11.51 per share, with a total value of $401,319.17. Following the completion of the acquisition, the director now owns 4,056,324 shares in the company, valued at approximately $46,688,289.24. This represents a 0.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought a total of 132,371 shares of company stock valued at $1,512,829 in the last ninety days. Corporate insiders own 10.34% 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.