International Assets Investment Management LLC Boosts Position in New Mountain Finance Co. (NASDAQ:NMFC)

International Assets Investment Management LLC grew its position in New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 1,157.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,352 shares of the company's stock after purchasing an additional 392,434 shares during the quarter. International Assets Investment Management LLC owned approximately 0.42% of New Mountain Finance worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. GraniteShares Advisors LLC boosted its position in shares of New Mountain Finance by 4.0% during the third quarter. GraniteShares Advisors LLC now owns 119,515 shares of the company's stock worth $1,548,000 after acquiring an additional 4,585 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of New Mountain Finance by 1.9% during the third quarter. HighTower Advisors LLC now owns 2,828,491 shares of the company's stock worth $36,626,000 after acquiring an additional 53,195 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of New Mountain Finance by 5.0% during the fourth quarter. Mutual Advisors LLC now owns 25,246 shares of the company's stock worth $321,000 after acquiring an additional 1,200 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of New Mountain Finance during the third quarter worth $4,457,000. Finally, Van ECK Associates Corp boosted its position in shares of New Mountain Finance by 6.5% during the third quarter. Van ECK Associates Corp now owns 1,405,785 shares of the company's stock worth $18,205,000 after acquiring an additional 85,873 shares during the last quarter. 32.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their target price on shares of 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 Performance

NMFC stock remained flat at $12.39 during trading on Tuesday. 289,547 shares of the company's stock traded hands, compared to its average volume of 445,736. New Mountain Finance Co. has a fifty-two week low of $11.38 and a fifty-two week high of $13.23. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a 50 day simple moving average of $12.61 and a two-hundred day simple moving average of $12.72. The firm has a market capitalization of $1.32 billion, a PE ratio of 9.91 and a beta of 1.13.

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

New Mountain Finance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.44 annualized dividend and a dividend yield of 11.62%. This is an increase from New Mountain Finance's previous quarterly dividend of $0.32. New Mountain Finance's dividend payout ratio is currently 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.