New Mountain Finance Corporation $NMFC Shares Bought by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in New Mountain Finance Corporation by 109% during Q1, owning approximately 200,607 shares valued at $2.21 million.
• Various hedge funds have also增强red their positions in New Mountain Finance, with notable increases from BNP Paribas Financial Markets at 240.4% and Vise Technologies Inc. at 7.2%.
• New Mountain Finance recently announced a quarterly dividend of $0.32 per share, yielding 12.3%, with a payout ratio of 168.42%.

BI Asset Management Fondsmaeglerselskab A S lifted its stake in New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) by 109.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,607 shares of the company's stock after buying an additional 104,620 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.19% of New Mountain Finance worth $2,213,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its position in shares of New Mountain Finance by 7.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 33,624 shares of the company's stock valued at $371,000 after buying an additional 2,450 shares during the last quarter. ProShare Advisors LLC grew its position in New Mountain Finance by 17.2% during the 4th quarter. ProShare Advisors LLC now owns 18,161 shares of the company's stock worth $204,000 after purchasing an additional 2,664 shares during the last quarter. Squarepoint Ops LLC grew its position in New Mountain Finance by 179.7% during the 4th quarter. Squarepoint Ops LLC now owns 40,292 shares of the company's stock worth $454,000 after purchasing an additional 25,886 shares during the last quarter. Jane Street Group LLC grew its position in New Mountain Finance by 232.7% during the 4th quarter. Jane Street Group LLC now owns 104,285 shares of the company's stock worth $1,174,000 after purchasing an additional 72,944 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in New Mountain Finance by 161.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 124,989 shares of the company's stock worth $1,407,000 after purchasing an additional 77,141 shares during the last quarter. 32.08% of the stock is owned by hedge funds and other institutional investors.

New Mountain Finance Stock Performance

Shares of NASDAQ:NMFC traded up $0.04 during midday trading on Wednesday, hitting $10.46. The stock had a trading volume of 65,984 shares, compared to its average volume of 466,753. The company has a market capitalization of $1.11 billion, a PE ratio of 13.74 and a beta of 0.82. The stock has a 50 day moving average price of $10.49 and a two-hundred day moving average price of $10.64. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.35. New Mountain Finance Corporation has a 1 year low of $8.84 and a 1 year high of $12.44.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. New Mountain Finance had a net margin of 23.27% and a return on equity of 10.43%. The firm had revenue of $83.49 million during the quarter, compared to analysts' expectations of $84.57 million. During the same quarter last year, the business earned $0.36 earnings per share. As a group, equities analysts predict that New Mountain Finance Corporation will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 12.2%. New Mountain Finance's dividend payout ratio (DPR) is 168.42%.

Analysts Set New Price Targets

NMFC has been the topic of several research reports. Oppenheimer set a $11.00 price objective on shares of New Mountain Finance and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. B. Riley initiated coverage on shares of New Mountain Finance in a research report on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price objective on the stock. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.75.

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.