New Mountain Finance Corp. (NYSE:NMFC) Director David Ogens acquired 1,850 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $13.48 per share, for a total transaction of $24,938.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NMFC stock traded down $0.07 during trading on Wednesday, hitting $13.39. The stock had a trading volume of 383,284 shares, compared to its average volume of 414,956. The company has a 50 day moving average price of $13.76. New Mountain Finance Corp. has a 1-year low of $12.06 and a 1-year high of $14.38. The company has a market capitalization of $1.18 billion, a PE ratio of 9.70 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.04 and a current ratio of 1.04.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 10.16%. The ex-dividend date is Thursday, September 12th. New Mountain Finance’s payout ratio is 98.55%.
A number of hedge funds have recently made changes to their positions in the stock. Financial Counselors Inc. boosted its holdings in New Mountain Finance by 6.7% in the 1st quarter. Financial Counselors Inc. now owns 12,871 shares of the investment management company’s stock worth $175,000 after acquiring an additional 806 shares during the period. Essex Financial Services Inc. boosted its holdings in New Mountain Finance by 9.4% in the 1st quarter. Essex Financial Services Inc. now owns 13,129 shares of the investment management company’s stock worth $178,000 after acquiring an additional 1,129 shares during the period. Wambolt & Associates LLC boosted its holdings in New Mountain Finance by 8.2% in the 2nd quarter. Wambolt & Associates LLC now owns 16,777 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,267 shares during the period. Monument Capital Management boosted its holdings in New Mountain Finance by 1.6% in the 2nd quarter. Monument Capital Management now owns 90,604 shares of the investment management company’s stock worth $1,260,000 after acquiring an additional 1,407 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its holdings in New Mountain Finance by 18.4% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,445 shares of the investment management company’s stock worth $174,000 after acquiring an additional 1,937 shares during the period. 33.33% of the stock is owned by hedge funds and other institutional investors.
About New Mountain Finance
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation.
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