MQS Management LLC Increases Holdings in New Mountain Finance Corporation (NASDAQ:NMFC)

MQS Management LLC increased its stake in shares of New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) by 325.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,305 shares of the company's stock after buying an additional 35,411 shares during the quarter. MQS Management LLC's holdings in New Mountain Finance were worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NMFC. Oppenheimer & Co. Inc. increased its stake in New Mountain Finance by 7.9% during the first quarter. Oppenheimer & Co. Inc. now owns 33,624 shares of the company's stock worth $371,000 after acquiring an additional 2,450 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in New Mountain Finance during the fourth quarter worth $944,000. ProShare Advisors LLC increased its stake in New Mountain Finance by 17.2% during the fourth quarter. ProShare Advisors LLC now owns 18,161 shares of the company's stock worth $204,000 after acquiring an additional 2,664 shares during the last quarter. Squarepoint Ops LLC increased its stake in New Mountain Finance by 179.7% during the fourth quarter. Squarepoint Ops LLC now owns 40,292 shares of the company's stock worth $454,000 after acquiring an additional 25,886 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in New Mountain Finance by 232.7% during the fourth quarter. Jane Street Group LLC now owns 104,285 shares of the company's stock worth $1,174,000 after acquiring an additional 72,944 shares during the last quarter. Hedge funds and other institutional investors own 32.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on NMFC. Wells Fargo & Company lowered their price target 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. B. Riley began coverage on New Mountain Finance in a research report on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price target 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.

New Mountain Finance Stock Down 0.2%

NASDAQ:NMFC traded down $0.02 during midday trading on Thursday, reaching $10.82. The company had a trading volume of 415,381 shares, compared to its average volume of 472,380. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.82 and a beta of 0.80. The stock's fifty day simple moving average is $10.63 and its 200-day simple moving average is $10.82. New Mountain Finance Corporation has a 12-month low of $8.84 and a 12-month high of $12.55. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.32.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The firm had revenue of $85.66 million during the quarter, compared to analyst estimates 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 period last year, the business posted $0.36 earnings per share. On average, sell-side analysts anticipate that New Mountain Finance Corporation will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date was Monday, June 16th. New Mountain Finance's dividend payout ratio (DPR) is 128.00%.

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.