Aquatic Capital Management LLC lifted its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC - Free Report) by 880.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,862 shares of the company's stock after purchasing an additional 51,962 shares during the quarter. Aquatic Capital Management LLC owned 0.05% of New Mountain Finance worth $652,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in New Mountain Finance during the fourth quarter worth $114,000. MQS Management LLC bought a new stake in New Mountain Finance during the 4th quarter worth $123,000. Larson Financial Group LLC increased its holdings in New Mountain Finance by 4,746.5% in the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company's stock worth $123,000 after purchasing an additional 10,727 shares in the last quarter. New World Advisors LLC bought a new position in New Mountain Finance in the fourth quarter valued at about $147,000. Finally, XTX Topco Ltd acquired a new stake in shares of New Mountain Finance during the fourth quarter valued at about $148,000. Institutional investors own 32.08% of the company's stock.
New Mountain Finance Trading Up 1.0 %
Shares of NMFC stock traded up $0.10 during mid-day trading on Wednesday, hitting $10.26. The company's stock had a trading volume of 90,510 shares, compared to its average volume of 471,779. New Mountain Finance Co. has a 52 week low of $8.84 and a 52 week high of $12.70. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The company's fifty day simple moving average is $10.43 and its 200-day simple moving average is $11.13. The company has a market cap of $1.11 billion, a PE ratio of 9.76 and a beta of 0.85.
New Mountain Finance (NASDAQ:NMFC - Get Free Report) last posted 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 firm had revenue of $85.66 million for the quarter, compared to analysts' expectations of $86.65 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. As a group, equities research analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.
New Mountain Finance Announces Dividend
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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.28 dividend on an annualized basis and a yield of 12.48%. New Mountain Finance's dividend payout ratio (DPR) is presently 123.08%.
Insider Buying and Selling
In related news, Director David Ogens purchased 5,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $11.44 per share, with a total value of $57,200.00. Following the completion of the acquisition, the director now directly 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 legal filing with the SEC, which is accessible through this link. 11.71% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on NMFC. Wells Fargo & Company decreased their price objective 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. Keefe, Bruyette & Woods lowered their price objective on 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.
Get Our Latest Stock Analysis on NMFC
New Mountain Finance Company Profile
(
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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