New World Advisors LLC Purchases New Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

New World Advisors LLC purchased a new stake in New Mountain Finance Co. (NASDAQ:NMFC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,047 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in New Mountain Finance during the 3rd quarter worth approximately $26,000. Quantbot Technologies LP bought a new position in New Mountain Finance during the 3rd quarter worth approximately $129,000. Centiva Capital LP bought a new position in New Mountain Finance during the 3rd quarter worth approximately $130,000. Wilmington Savings Fund Society FSB bought a new position in New Mountain Finance during the 3rd quarter worth approximately $168,000. Finally, Farther Finance Advisors LLC bought a new position in New Mountain Finance during the 3rd quarter worth approximately $169,000. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their target price on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

Insider Buying and Selling

In related news, Director Steven B. Klinsky purchased 6,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $11.75 per share, with a total value of $72,850.00. Following the acquisition, the director now owns 4,122,655 shares in the company, valued at approximately $48,441,196.25. This trade represents a 0.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 97,504 shares of company stock valued at $1,111,510. Insiders own 10.22% of the company’s stock.

New Mountain Finance Trading Up 0.1 %

NASDAQ:NMFC opened at $11.98 on Monday. The company has a market cap of $1.29 billion, a PE ratio of 11.41 and a beta of 1.15. New Mountain Finance Co. has a 52 week low of $10.61 and a 52 week high of $13.01. 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 business’s 50 day moving average is $11.43 and its two-hundred day moving average is $11.68.

New Mountain Finance Company 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.