New Mountain Finance Corporation (NASDAQ:NMFC) Holdings Raised by Muzinich & Co. Inc.

Muzinich & Co. Inc. increased its holdings in shares of 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 Securities and Exchange Commission. The firm owned 393,136 shares of the company's stock after buying an additional 52,888 shares during the quarter. New Mountain Finance comprises approximately 2.5% of Muzinich & Co. Inc.'s portfolio, making the stock its 11th biggest holding. Muzinich & Co. Inc. owned approximately 0.36% of New Mountain Finance worth $4,336,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position in New Mountain Finance by 240.4% during 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 in the last quarter. Fox Run Management L.L.C. acquired a new stake in New Mountain Finance during the 4th quarter worth approximately $114,000. XTX Topco Ltd acquired a new stake in New Mountain Finance during the 4th quarter worth approximately $148,000. Vise Technologies Inc. increased its position in New Mountain Finance by 7.2% during the 4th quarter. Vise Technologies Inc. now owns 16,494 shares of the company's stock worth $186,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of New Mountain Finance in the fourth quarter valued at about $200,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NMFC. Wells Fargo & Company lowered their target price on 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. B. Riley initiated coverage on New Mountain Finance in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $11.00 target price for the company. Finally, 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 note on Tuesday, April 8th.

New Mountain Finance Stock Performance

Shares of NMFC traded down $0.11 during mid-day trading on Monday, hitting $10.59. The stock had a trading volume of 96,864 shares, compared to its average volume of 471,456. The company has a market cap of $1.14 billion, a PE ratio of 10.59 and a beta of 0.80. The company's fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $10.81. 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 fifty-two week low of $8.84 and a fifty-two week high of $12.55.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company 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%. The business's revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors 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 12.09%. The ex-dividend date of this dividend was Monday, June 16th. New Mountain Finance's payout ratio is currently 128.00%.

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.