Y Intercept Hong Kong Ltd Makes New Investment in New Mountain Finance Co. (NASDAQ:NMFC)

Y Intercept Hong Kong Ltd acquired a new stake in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 103,921 shares of the company's stock, valued at approximately $1,170,000. Y Intercept Hong Kong Ltd owned about 0.10% of New Mountain Finance as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NMFC. BNP Paribas Financial Markets acquired a new stake in shares of New Mountain Finance in the 3rd quarter worth $26,000. Quantbot Technologies LP acquired a new stake in shares of New Mountain Finance in the 3rd quarter worth $129,000. Centiva Capital LP acquired a new stake in shares of New Mountain Finance in the 3rd quarter worth $130,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of New Mountain Finance in the 3rd quarter worth $168,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of New Mountain Finance in the 3rd quarter worth $169,000. 32.08% of the stock is owned by institutional investors and hedge funds.

New Mountain Finance Trading Up 1.3 %

Shares of NMFC traded up $0.15 during midday trading on Friday, reaching $11.65. The company had a trading volume of 430,062 shares, compared to its average volume of 358,573. New Mountain Finance Co. has a 1-year low of $10.61 and a 1-year high of $13.01. The stock has a market cap of $1.26 billion, a PE ratio of 11.10 and a beta of 1.15. The firm has a 50 day simple moving average of $11.48 and a 200-day simple moving average of $11.68. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its earnings results 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 company had revenue of $92.89 million during the quarter, compared to analyst estimates of $93.23 million. Research analysts forecast that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance's payout ratio is 123.08%.

Insider Buying and Selling

In other New Mountain Finance news, Director Steven B. Klinsky acquired 6,200 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $11.75 per share, with a total value of $72,850.00. Following the transaction, the director now owns 4,122,655 shares of the company's stock, valued at $48,441,196.25. This trade represents a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 95,104 shares of company stock valued at $1,083,334. 10.22% of the stock is currently owned by insiders.

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.