Squarepoint Ops LLC Raises Position in New Mountain Finance Co. (NASDAQ:NMFC)

Squarepoint Ops LLC boosted its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 179.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,292 shares of the company's stock after acquiring an additional 25,886 shares during the quarter. Squarepoint Ops LLC's holdings in New Mountain Finance were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of New Mountain Finance by 240.4% during the fourth 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 during the last quarter. Fox Run Management L.L.C. acquired a new position in New Mountain Finance in the 4th quarter valued at $114,000. MQS Management LLC acquired a new position in New Mountain Finance in the 4th quarter valued at $123,000. Larson Financial Group LLC raised its position in New Mountain Finance by 4,746.5% during the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company's stock worth $123,000 after buying an additional 10,727 shares during the last quarter. Finally, New World Advisors LLC acquired a new stake in shares of New Mountain Finance in the 4th quarter worth $147,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NMFC. Wells Fargo & Company dropped their price target on shares of New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, 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 target price on the stock.

New Mountain Finance Price Performance

New Mountain Finance stock traded up $0.09 during midday trading on Friday, reaching $10.77. The company's stock had a trading volume of 329,316 shares, compared to its average volume of 470,355. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.26 and a beta of 0.80. New Mountain Finance Co. has a fifty-two week low of $8.84 and a fifty-two week high of $12.65. The stock's 50 day simple moving average is $10.20 and its 200 day simple moving average is $11.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last announced its quarterly 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 business had revenue of $85.66 million during the quarter, compared to the consensus estimate of $86.65 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. On average, equities research analysts forecast that New Mountain Finance Co. 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.88%. New Mountain Finance's payout ratio is 128.00%.

New Mountain Finance Company 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.