Farther Finance Advisors LLC Acquires 21,775 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

Farther Finance Advisors LLC lifted its stake in New Mountain Finance Co. (NASDAQ:NMFC) by 154.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,885 shares of the company’s stock after acquiring an additional 21,775 shares during the period. Farther Finance Advisors LLC’s holdings in New Mountain Finance were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NMFC. BNP Paribas Financial Markets purchased a new stake in New Mountain Finance during the 3rd quarter worth about $26,000. MQS Management LLC purchased a new position in New Mountain Finance during the fourth quarter valued at approximately $123,000. Larson Financial Group LLC increased its holdings 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 purchasing an additional 10,727 shares during the period. Quantbot Technologies LP purchased a new stake in shares of New Mountain Finance in the third quarter worth $129,000. Finally, Centiva Capital LP bought a new stake in New Mountain Finance during the third quarter valued at $130,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

New Mountain Finance Price Performance

New Mountain Finance stock opened at $10.94 on Tuesday. The business has a 50-day simple moving average of $11.48 and a 200 day simple moving average of $11.59. New Mountain Finance Co. has a 52 week low of $10.62 and a 52 week high of $12.81. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 10.42 and a beta of 1.16. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $92.89 million during the quarter, compared to the consensus estimate of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. On average, research analysts forecast that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s payout ratio is 123.08%.

Insider Transactions at New Mountain Finance

In other news, Director David Ogens purchased 5,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the completion of the transaction, the director now directly owns 179,020 shares of the company’s stock, valued at approximately $2,047,988.80. This trade represents a 2.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 10.22% of the stock is currently owned by insiders.

New Mountain Finance 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.