Tranquility Partners LLC Lowers Stock Position in New Mountain Finance Co. (NASDAQ:NMFC)

Tranquility Partners LLC lowered its position in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 77.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,872 shares of the company’s stock after selling 307,472 shares during the quarter. Tranquility Partners LLC owned about 0.08% of New Mountain Finance worth $1,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NMFC. International Assets Investment Management LLC lifted its position in New Mountain Finance by 1,017.3% during the third quarter. International Assets Investment Management LLC now owns 374,487 shares of the company’s stock valued at $4,486,000 after buying an additional 340,969 shares during the period. HighTower Advisors LLC increased its holdings in shares of New Mountain Finance by 7.6% during the third quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company’s stock valued at $40,438,000 after acquiring an additional 237,594 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of New Mountain Finance during the third quarter valued at $2,608,000. Van ECK Associates Corp increased its holdings in shares of New Mountain Finance by 8.1% during the third quarter. Van ECK Associates Corp now owns 2,249,321 shares of the company’s stock valued at $25,980,000 after acquiring an additional 168,719 shares in the last quarter. Finally, Rockingstone Advisors LLC increased its holdings in shares of New Mountain Finance by 79.1% during the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock valued at $3,177,000 after acquiring an additional 124,599 shares in the last quarter. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Steven B. Klinsky purchased 72,280 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $11.28 per share, for a total transaction of $815,318.40. Following the purchase, the director now directly owns 4,285,505 shares in the company, valued at $48,340,496.40. This trade represents a 1.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 132,371 shares of company stock worth $1,512,829. 10.22% of the stock is owned by corporate insiders.

New Mountain Finance Price Performance

NASDAQ NMFC opened at $11.83 on Thursday. New Mountain Finance Co. has a one year low of $10.61 and a one year high of $13.01. The stock has a 50-day moving average of $11.42 and a 200 day moving average of $11.70. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23.

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.