Trexquant Investment LP Purchases 125,230 Shares of New Mountain Finance Corporation $NMFC

Key Points

• Trexquant Investment LP increased its stake in New Mountain Finance Corporation by 75.3%, acquiring an additional 125,230 shares in the first quarter, bringing its total ownership to approximately 291,634 shares valued at $3.2 million.
• New Mountain Finance announced a quarterly dividend of **$0.32**, which will be paid on September 30th, translating to a **12.1% annualized yield**.
• Following its recent earnings report, New Mountain Finance recorded a net margin of **23.27%** and reported earnings of **$0.32 per share**, matching analysts' expectations.

Trexquant Investment LP increased its stake in shares of New Mountain Finance Corporation (NASDAQ:NMFC - Free Report) by 75.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 291,634 shares of the company's stock after buying an additional 125,230 shares during the period. Trexquant Investment LP owned 0.27% of New Mountain Finance worth $3,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in New Mountain Finance by 7.9% in the 1st 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. ProShare Advisors LLC raised its stake in New Mountain Finance by 17.2% in the 4th quarter. ProShare Advisors LLC now owns 18,161 shares of the company's stock worth $204,000 after purchasing an additional 2,664 shares in the last quarter. Squarepoint Ops LLC raised its stake in New Mountain Finance by 179.7% in the 4th quarter. Squarepoint Ops LLC now owns 40,292 shares of the company's stock worth $454,000 after purchasing an additional 25,886 shares in the last quarter. Jane Street Group LLC raised its stake in New Mountain Finance by 232.7% in the 4th quarter. Jane Street Group LLC now owns 104,285 shares of the company's stock worth $1,174,000 after purchasing an additional 72,944 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in New Mountain Finance by 161.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 124,989 shares of the company's stock worth $1,407,000 after purchasing an additional 77,141 shares in the last quarter. Institutional investors and hedge funds own 32.08% of the company's stock.

New Mountain Finance Price Performance

NMFC stock traded down $0.02 during trading on Friday, reaching $10.62. 242,018 shares of the company were exchanged, compared to its average volume of 399,628. The company has a 50-day moving average of $10.52 and a two-hundred day moving average of $10.57. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 13.97 and a beta of 0.80. New Mountain Finance Corporation has a twelve month low of $8.84 and a twelve month high of $12.32. 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 released its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The business had revenue of $83.49 million during the quarter, compared to analysts' expectations of $84.57 million. New Mountain Finance had a net margin of 23.27% and a return on equity of 10.43%. During the same period in the prior year, the company earned $0.36 EPS. As a group, equities analysts predict that New Mountain Finance Corporation will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Tuesday, September 16th. New Mountain Finance's payout ratio is presently 168.42%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NMFC shares. B. Riley started coverage on shares of New Mountain Finance in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $11.00 price objective for the company. Oppenheimer set a $11.00 price target on shares of New Mountain Finance and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, New Mountain Finance presently has a consensus rating of "Hold" and a consensus price target of $10.75.

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.