SVB Wealth LLC Buys New Shares in New Mountain Finance Co. (NASDAQ:NMFC)

SVB Wealth LLC acquired a new position in shares of New Mountain Finance Co. (NASDAQ:NMFC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,735 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also recently bought and sold shares of NMFC. BNP Paribas Financial Markets acquired a new position in New Mountain Finance during the third quarter worth $26,000. Quantbot Technologies LP bought a new stake in shares of New Mountain Finance in the 3rd quarter worth $129,000. Centiva Capital LP bought a new stake in shares of New Mountain Finance in the 3rd quarter worth $130,000. New World Advisors LLC bought a new stake in shares of New Mountain Finance in the 4th quarter worth $147,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of New Mountain Finance in the 3rd quarter worth $168,000. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Stock Performance

NASDAQ NMFC opened at $11.31 on Thursday. New Mountain Finance Co. has a 1 year low of $10.61 and a 1 year high of $13.01. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.77 and a beta of 1.16. The company has a fifty day moving average price of $11.49 and a 200-day moving average price of $11.66.

New Mountain Finance (NASDAQ:NMFC) last posted its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm 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%. As a group, equities research analysts predict that New Mountain Finance Co. will post 1.39 EPS 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. Investors of record on Monday, March 17th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.28 annualized dividend and a yield of 11.32%. New Mountain Finance’s payout ratio is currently 123.08%.

Insider Activity at New Mountain Finance

In related news, Director Steven B. Klinsky purchased 72,280 shares of New Mountain Finance stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the transaction, the director now owns 4,285,505 shares in the company, valued at $48,340,496.40. This represents a 1.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 10.22% of the stock is owned by company insiders.

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.