Hennion & Walsh Asset Management Inc. Grows Stock Position in New Mountain Finance Co. (NASDAQ:NMFC)

Hennion & Walsh Asset Management Inc. raised its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 23.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 313,430 shares of the company's stock after purchasing an additional 59,249 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.29% of New Mountain Finance worth $3,457,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. B. Riley started coverage on New Mountain Finance in a report on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

New Mountain Finance Stock Performance

Shares of NASDAQ:NMFC remained flat at $10.68 on Thursday. 326,491 shares of the stock traded hands, compared to its average volume of 471,712. The stock has a fifty day moving average price of $10.21 and a 200 day moving average price of $11.03. 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 stock has a market cap of $1.15 billion, a price-to-earnings ratio of 10.17 and a beta of 0.85. New Mountain Finance Co. has a 1-year low of $8.84 and a 1-year high of $12.65.

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

New Mountain Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, June 16th. This represents a $1.28 annualized dividend and a yield of 11.99%. New Mountain Finance's dividend payout ratio is presently 128.00%.

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.