New Mountain Finance Co. (NASDAQ:NMFC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 678,896 shares of the company's stock after selling 74,078 shares during the period. Two Sigma Investments LP owned 0.63% of New Mountain Finance worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in NMFC. ProShare Advisors LLC raised its position in shares of New Mountain Finance by 17.2% during the 4th quarter. ProShare Advisors LLC now owns 18,161 shares of the company's stock worth $204,000 after acquiring an additional 2,664 shares in the last quarter. Millennium Management LLC raised its holdings in New Mountain Finance by 102.2% during the fourth quarter. Millennium Management LLC now owns 519,532 shares of the company's stock worth $5,850,000 after purchasing an additional 262,631 shares in the last quarter. Focus Partners Wealth acquired a new stake in New Mountain Finance during the fourth quarter worth approximately $236,000. D. E. Shaw & Co. Inc. lifted its position in shares of New Mountain Finance by 161.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 124,989 shares of the company's stock worth $1,407,000 after buying an additional 77,141 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of New Mountain Finance by 240.4% in the 4th quarter. BNP Paribas Financial Markets now owns 7,488 shares of the company's stock valued at $84,000 after buying an additional 5,288 shares in the last quarter. 32.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, B. Riley assumed coverage on New Mountain Finance in a research note on Tuesday, May 13th. They set a "neutral" rating and a $11.00 price target on the stock.

Insiders Place Their Bets

In other news, Director David Ogens bought 5,000 shares of New Mountain Finance stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the purchase, the director now owns 179,020 shares of the company's stock, valued at approximately $2,047,988.80. The trade was a 2.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.71% of the stock is owned by insiders.

New Mountain Finance Stock Performance

NASDAQ:NMFC traded up $0.06 during trading hours on Thursday, reaching $10.79. 224,597 shares of the company's stock were exchanged, compared to its average volume of 471,969. New Mountain Finance Co. has a 1-year low of $8.84 and a 1-year high of $12.65. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.27 and a beta of 0.85. The company has a 50-day moving average of $10.25 and a 200 day moving average of $11.06.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business had revenue of $85.66 million during the quarter, compared to analysts' expectations of $86.65 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business's revenue was down 5.4% compared to the same quarter last year. Research analysts anticipate that New Mountain Finance Co. will post 1.39 EPS for the current year.

New Mountain Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 11.86%. The ex-dividend date is Monday, June 16th. New Mountain Finance's dividend payout ratio is presently 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.