Universal Beteiligungs und Servicegesellschaft mbH bought a new position in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 209,500 shares of the company's stock, valued at approximately $2,359,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.19% of New Mountain Finance at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of NMFC. BNP Paribas Financial Markets increased its stake in shares of 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 period. Fox Run Management L.L.C. bought a new position in New Mountain Finance during the 4th quarter valued at approximately $114,000. MQS Management LLC purchased a new position in shares of New Mountain Finance in the 4th quarter worth about $123,000. Larson Financial Group LLC lifted its stake in shares of New Mountain Finance by 4,746.5% in the fourth 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 in the last quarter. Finally, New World Advisors LLC purchased a new stake in New Mountain Finance during the 4th quarter valued at $147,000. Hedge funds and other institutional investors own 32.08% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. B. Riley initiated coverage on New Mountain Finance in a report on Tuesday, May 13th. They issued a "neutral" rating and a $11.00 target price on the stock. Wells Fargo & Company dropped their price target on New Mountain Finance from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th.
View Our Latest Stock Report on NMFC
New Mountain Finance Trading Down 0.7%
Shares of NASDAQ:NMFC traded down $0.07 during trading on Wednesday, hitting $10.68. The company had a trading volume of 285,109 shares, compared to its average volume of 471,052. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 10.17 and a beta of 0.85. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. The company has a fifty day simple moving average of $10.22 and a two-hundred day simple moving average of $11.03. New Mountain Finance Co. has a one year low of $8.84 and a one year high of $12.65.
New Mountain Finance (NASDAQ:NMFC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $85.66 million during the quarter, compared to the consensus estimate of $86.65 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. New Mountain Finance's revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. As a group, equities analysts forecast that New Mountain Finance Co. will post 1.39 earnings per share for the current year.
New Mountain Finance Dividend Announcement
The company 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 $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 11.99%. The ex-dividend date is Monday, June 16th. New Mountain Finance's payout ratio is currently 128.00%.
About New Mountain Finance
(
Free Report)
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.
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