D. E. Shaw & Co. Inc. Has $1.41 Million Stock Position in New Mountain Finance Co. (NASDAQ:NMFC)

D. E. Shaw & Co. Inc. raised its holdings in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 161.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,989 shares of the company's stock after buying an additional 77,141 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.12% of New Mountain Finance worth $1,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NMFC. BNP Paribas Financial Markets lifted its position in shares of New Mountain Finance by 240.4% in the 4th quarter. BNP Paribas Financial Markets now owns 7,488 shares of the company's stock worth $84,000 after acquiring an additional 5,288 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of New Mountain Finance in the 4th quarter worth approximately $114,000. MQS Management LLC bought a new stake in shares of New Mountain Finance in the 4th quarter worth approximately $123,000. Larson Financial Group LLC lifted its position in shares of New Mountain Finance by 4,746.5% in the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company's stock worth $123,000 after acquiring an additional 10,727 shares during the period. Finally, New World Advisors LLC bought a new stake in shares of New Mountain Finance in the 4th quarter worth approximately $147,000. Institutional investors and hedge funds own 32.08% of the company's stock.

New Mountain Finance Price Performance

New Mountain Finance stock opened at $10.55 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $1.14 billion, a PE ratio of 10.05 and a beta of 0.85. New Mountain Finance Co. has a one year low of $8.84 and a one year high of $12.65. The business has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $11.07.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $85.66 million during the quarter, compared to the consensus estimate of $86.65 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. New Mountain Finance's revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. On average, sell-side analysts forecast that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, June 16th. This represents a $1.28 annualized dividend and a dividend yield of 12.13%. New Mountain Finance's dividend payout ratio (DPR) is presently 128.00%.

Wall Street Analyst Weigh In

NMFC has been the subject of a number of research reports. B. Riley initiated coverage on New Mountain Finance in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $11.00 price objective for the company. Wells Fargo & Company reduced their price objective on New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their price objective on New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Insider Buying and Selling

In related news, Director David Ogens bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the transaction, the director now directly owns 179,020 shares of the company's stock, valued at $2,047,988.80. This represents a 2.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.71% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.