Muzinich & Co. Inc. Acquires 52,888 Shares of New Mountain Finance Corporation (NASDAQ:NMFC)

Muzinich & Co. Inc. increased its holdings in New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 393,136 shares of the company's stock after purchasing an additional 52,888 shares during the period. New Mountain Finance makes up about 2.5% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 11th largest position. Muzinich & Co. Inc. owned about 0.36% of New Mountain Finance worth $4,336,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Invesco Ltd. increased its position in New Mountain Finance by 1,929.2% during the fourth quarter. Invesco Ltd. now owns 985,917 shares of the company's stock valued at $11,101,000 after acquiring an additional 937,331 shares during the last quarter. Ares Management LLC increased its position in New Mountain Finance by 15.2% during the fourth quarter. Ares Management LLC now owns 566,186 shares of the company's stock valued at $6,375,000 after acquiring an additional 74,492 shares during the last quarter. Millennium Management LLC increased its position in New Mountain Finance by 102.2% during the fourth quarter. Millennium Management LLC now owns 519,532 shares of the company's stock valued at $5,850,000 after acquiring an additional 262,631 shares during the last quarter. Confluence Investment Management LLC increased its position in New Mountain Finance by 2.1% during the first quarter. Confluence Investment Management LLC now owns 438,682 shares of the company's stock valued at $4,839,000 after acquiring an additional 8,876 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in New Mountain Finance during the first quarter valued at $4,674,000. Institutional investors own 32.08% of the company's stock.

New Mountain Finance Trading Up 0.0%

Shares of NASDAQ NMFC traded up $0.01 during mid-day trading on Friday, reaching $10.83. The company had a trading volume of 32,243 shares, compared to its average volume of 470,677. The business's 50-day moving average is $10.63 and its 200-day moving average is $10.82. 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 stock has a market cap of $1.17 billion, a price-to-earnings ratio of 10.82 and a beta of 0.80. New Mountain Finance Corporation has a 52 week low of $8.84 and a 52 week high of $12.55.

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

New Mountain Finance Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 11.82%. The ex-dividend date was Monday, June 16th. New Mountain Finance's payout ratio is presently 128.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NMFC. B. Riley began coverage on shares of New Mountain Finance in a research report on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of 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. Finally, Wells Fargo & Company cut their price objective on shares of New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th.

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.

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