25,442 Shares in New Mountain Finance Corporation $NMFC Bought by PharVision Advisers LLC

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 acquired a new position in shares of New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,442 shares of the company's stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Merit Financial Group LLC grew its holdings in shares of New Mountain Finance by 0.4% during the first quarter. Merit Financial Group LLC now owns 260,572 shares of the company's stock worth $2,874,000 after purchasing an additional 1,052 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of New Mountain Finance by 7.2% during the fourth 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. Sei Investments Co. grew its holdings in shares of New Mountain Finance by 1.3% during the first quarter. Sei Investments Co. now owns 96,603 shares of the company's stock worth $1,082,000 after purchasing an additional 1,254 shares in the last quarter. MAI Capital Management grew its holdings in shares of New Mountain Finance by 44.9% during 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. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of 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 purchasing an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors own 32.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer set a $11.00 price target on shares of New Mountain Finance and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.75.

New Mountain Finance Trading Down 0.5%

Shares of New Mountain Finance stock traded down $0.05 on Friday, hitting $10.46. The stock had a trading volume of 154,492 shares, compared to its average volume of 462,177. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.35. New Mountain Finance Corporation has a one year low of $8.84 and a one year high of $12.32. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 13.76 and a beta of 0.80. The stock's 50-day simple moving average is $10.51 and its two-hundred day simple moving average is $10.54.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. New Mountain Finance had a net margin of 23.27% and a return on equity of 10.43%. The firm had revenue of $83.49 million for the quarter, compared to analysts' expectations of $84.57 million. During the same quarter last year, the business earned $0.36 earnings per share. As a group, sell-side analysts predict that New Mountain Finance Corporation will post 1.39 EPS 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 issued a $0.32 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 12.2%. New Mountain Finance's dividend payout ratio (DPR) is currently 168.42%.

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.