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

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,672 shares of the company's stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 5,288 shares during the period. Fox Run Management L.L.C. purchased a new position in New Mountain Finance during the fourth quarter worth $114,000. MQS Management LLC purchased a new stake in shares of New Mountain Finance in the fourth quarter valued at $123,000. Larson Financial Group LLC lifted its holdings 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 last quarter. Finally, XTX Topco Ltd purchased a new position in shares of New Mountain Finance during the 4th quarter worth about $148,000. 32.08% of the stock is currently owned by institutional investors.

New Mountain Finance Stock Down 1.2%

Shares of New Mountain Finance stock traded down $0.13 on Monday, reaching $10.57. The stock had a trading volume of 556,816 shares, compared to its average volume of 470,974. The company has a 50 day moving average price of $10.51 and a 200 day moving average price of $10.85. The stock has a market capitalization of $1.14 billion, a P/E ratio of 7.99 and a beta of 0.80. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.32. 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 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 for the quarter, compared to the consensus estimate of $86.65 million. New Mountain Finance had a net margin of 29.84% and a return on equity of 10.57%. New Mountain Finance's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that New Mountain Finance Corporation will post 1.39 EPS for the current year.

New Mountain Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.32 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.28 annualized dividend and a yield of 12.11%. New Mountain Finance's dividend payout ratio is presently 128.00%.

Analyst Ratings Changes

NMFC has been the topic of several research reports. Wells Fargo & Company reduced their price objective 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. B. Riley started coverage on shares of New Mountain Finance in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $11.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their target price on New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.

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.