Cerity Partners LLC Grows Stock Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

Cerity Partners LLC grew its position in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,574,600 shares of the company's stock after purchasing an additional 91,379 shares during the quarter. Cerity Partners LLC owned approximately 3.52% of New Mountain Finance worth $45,469,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NMFC. Lazard Asset Management LLC bought a new position in New Mountain Finance during the 1st quarter worth approximately $29,000. Point72 Hong Kong Ltd bought a new position in New Mountain Finance during the 2nd quarter worth approximately $49,000. Barclays PLC bought a new position in New Mountain Finance during the 3rd quarter worth approximately $63,000. Harbour Investments Inc. grew its position in shares of New Mountain Finance by 141.0% in the 1st quarter. Harbour Investments Inc. now owns 5,583 shares of the company's stock worth $68,000 after buying an additional 3,266 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of New Mountain Finance in the 1st quarter worth approximately $74,000. 32.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price objective on New Mountain Finance from $12.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Monday, January 29th.

New Mountain Finance Stock Down 1.3 %

Shares of NMFC traded down $0.16 on Friday, reaching $12.43. The stock had a trading volume of 264,022 shares, compared to its average volume of 450,954. The company has a 50-day simple moving average of $12.63 and a 200-day simple moving average of $12.73. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.94 and a beta of 1.13. New Mountain Finance Co. has a 12-month low of $11.38 and a 12-month high of $13.23. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.92.

New Mountain Finance (NASDAQ:NMFC - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $92.80 million during the quarter, compared to analysts' expectations of $94.03 million. New Mountain Finance had a return on equity of 11.93% and a net margin of 36.13%. During the same quarter in the previous year, the business earned $0.35 earnings per share. Sell-side analysts predict that New Mountain Finance Co. will post 1.53 EPS for the current year.

New Mountain Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.36 per share. This is a boost from New Mountain Finance's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.44 dividend on an annualized basis and a yield of 11.58%. New Mountain Finance's payout ratio is presently 102.40%.

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.