PharVision Advisers LLC Makes New $281,000 Investment in New Mountain Finance Corporation $NMFC

Key Points

• PharVision Advisers LLC has made a new investment of approximately $281,000 in New Mountain Finance Corporation, acquiring 25,442 shares.
• New Mountain Finance recently announced a quarterly dividend of $0.32 per share, with an annualized dividend yield of 12.1%.
• The company's earnings per share (EPS) for the last quarter was reported at $0.32, matching analyst expectations, while its revenue fell slightly short at $83.49 million.

PharVision Advisers LLC purchased a new position in New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,442 shares of the company's stock, valued at approximately $281,000.

Other hedge funds have also made changes to their positions in the company. MAI Capital Management lifted its position in shares of New Mountain Finance by 44.9% in the first quarter. MAI Capital Management now owns 7,295 shares of the company's stock worth $80,000 after purchasing an additional 2,261 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in New Mountain Finance by 240.4% in the fourth quarter. BNP Paribas Financial Markets now owns 7,488 shares of the company's stock worth $84,000 after buying an additional 5,288 shares during the last quarter. Quarry LP increased its holdings in New Mountain Finance by 360.7% in the first quarter. Quarry LP now owns 8,095 shares of the company's stock worth $89,000 after buying an additional 6,338 shares during the last quarter. Entropy Technologies LP acquired a new position in New Mountain Finance in the first quarter worth approximately $130,000. Finally, Vise Technologies Inc. increased its holdings in New Mountain Finance by 7.2% in the fourth quarter. Vise Technologies Inc. now owns 16,494 shares of the company's stock worth $186,000 after buying an additional 1,110 shares during the last quarter. 32.08% of the stock is owned by hedge funds and other institutional investors.

New Mountain Finance Stock Down 0.2%

Shares of NMFC stock opened at $10.62 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 13.97 and a beta of 0.80. New Mountain Finance Corporation has a one year low of $8.84 and a one year high of $12.32. The stock has a fifty day moving average price of $10.52 and a 200 day moving average price of $10.57. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.42 and a quick ratio of 1.42.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its earnings results on Monday, August 4th. 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 10.43% and a net margin of 23.27%.The firm had revenue of $83.49 million during the quarter, compared to analysts' expectations of $84.57 million. During the same period last year, the business earned $0.36 earnings per share. Analysts predict that New Mountain Finance Corporation will post 1.39 earnings per share for the current year.

New Mountain Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Tuesday, September 16th. New Mountain Finance's payout ratio is currently 168.42%.

Analyst Upgrades and Downgrades

NMFC has been the topic of a number of research reports. Oppenheimer set a $11.00 price objective on New Mountain Finance and gave the stock a "market perform" rating in a report on Wednesday, August 6th. B. Riley initiated coverage on New Mountain Finance in a report on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price target on the stock. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.75.

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.

Want to see what other hedge funds are holding NMFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Mountain Finance Corporation (NASDAQ:NMFC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.