Generali Investments CEE investicni spolecnost a.s. Acquires Shares of 26,672 New Mountain Finance Corporation (NASDAQ:NMFC)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,672 shares of the company's stock, valued at approximately $294,000.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in New Mountain Finance by 1,929.2% during the 4th quarter. Invesco Ltd. now owns 985,917 shares of the company's stock worth $11,101,000 after purchasing an additional 937,331 shares in the last quarter. Ares Management LLC grew its stake in New Mountain Finance by 15.2% during the 4th quarter. Ares Management LLC now owns 566,186 shares of the company's stock worth $6,375,000 after purchasing an additional 74,492 shares in the last quarter. Millennium Management LLC grew its stake in New Mountain Finance by 102.2% during the 4th quarter. Millennium Management LLC now owns 519,532 shares of the company's stock worth $5,850,000 after purchasing an additional 262,631 shares in the last quarter. Confluence Investment Management LLC grew its stake in New Mountain Finance by 2.1% during the 1st quarter. Confluence Investment Management LLC now owns 438,682 shares of the company's stock worth $4,839,000 after purchasing an additional 8,876 shares in the last quarter. Finally, Transcend Capital Advisors LLC acquired a new position in shares of New Mountain Finance during the 1st quarter worth about $4,674,000. Institutional investors and hedge funds own 32.08% of the company's stock.

New Mountain Finance Stock Up 0.9%

Shares of NASDAQ:NMFC traded up $0.09 on Tuesday, hitting $10.66. 58,253 shares of the company's stock were exchanged, compared to its average volume of 469,383. New Mountain Finance Corporation has a 1-year low of $8.84 and a 1-year high of $12.55. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market capitalization of $1.15 billion, a PE ratio of 10.66 and a beta of 0.80. The firm's 50-day moving average is $10.52 and its 200 day moving average is $10.84.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. New Mountain Finance had a return on equity of 10.57% and a net margin of 29.84%. The business had revenue of $85.66 million during the quarter, compared to the consensus estimate of $86.65 million. During the same period in the previous year, the business earned $0.36 EPS. The business's quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts predict that New Mountain Finance Corporation will post 1.39 EPS for the current year.

New Mountain Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 12.01%. The ex-dividend date of this dividend was Monday, June 16th. New Mountain Finance's payout ratio is currently 128.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company lowered 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. 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.