Generali Investments CEE investicni spolecnost a.s. Acquires New Position in New Mountain Finance Corporation (NASDAQ:NMFC)

Generali Investments CEE investicni spolecnost a.s. bought a new position in New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 26,672 shares of the company's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of New Mountain Finance by 240.4% in the fourth quarter. BNP Paribas Financial Markets now owns 7,488 shares of the company's stock worth $84,000 after purchasing an additional 5,288 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in New Mountain Finance during the fourth quarter worth $114,000. MQS Management LLC acquired a new position in New Mountain Finance during the fourth quarter worth $123,000. Larson Financial Group LLC raised its position in New Mountain Finance by 4,746.5% in the fourth quarter. Larson Financial Group LLC now owns 10,953 shares of the company's stock valued at $123,000 after purchasing an additional 10,727 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of New Mountain Finance in the 4th quarter valued at $148,000. Hedge funds and other institutional investors own 32.08% of the company's stock.

New Mountain Finance Price Performance

Shares of NMFC traded down $0.01 during mid-day trading on Wednesday, hitting $10.65. The company's stock had a trading volume of 174,278 shares, compared to its average volume of 469,663. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.32. The firm has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $10.84. The firm has a market capitalization of $1.15 billion, a P/E ratio of 10.65 and a beta of 0.80. New Mountain Finance Corporation has a 1-year low of $8.84 and a 1-year high of $12.55.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company 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 10.57% and a net margin of 29.84%. New Mountain Finance's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. Analysts predict that New Mountain Finance Corporation will post 1.39 EPS for the current fiscal year.

New Mountain Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date of this dividend was Monday, June 16th. New Mountain Finance's dividend payout ratio is presently 128.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NMFC. Wells Fargo & Company cut their price target on New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered 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. Finally, B. Riley assumed coverage on New Mountain Finance in a research report on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price objective for the company.

New Mountain Finance 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.