Insider Buying: New Mountain Finance Corp. (NYSE:NMFC) COO Purchases 7,500 Shares of Stock

New Mountain Finance Corp. (NYSE:NMFC) COO John Kline bought 7,500 shares of the business’s stock in a transaction on Monday, September 9th. The stock was bought at an average cost of $13.52 per share, with a total value of $101,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:NMFC traded up $0.06 on Wednesday, hitting $13.74. The stock had a trading volume of 492,800 shares, compared to its average volume of 413,025. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.47. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 9.96 and a beta of 0.54. The company has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $13.79. New Mountain Finance Corp. has a 1-year low of $12.06 and a 1-year high of $14.38.

New Mountain Finance (NYSE:NMFC) last announced its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $66.47 million during the quarter, compared to the consensus estimate of $64.98 million. New Mountain Finance had a net margin of 36.54% and a return on equity of 10.47%. As a group, analysts anticipate that New Mountain Finance Corp. will post 1.39 earnings per share for the current year.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Thursday, September 12th. New Mountain Finance’s dividend payout ratio is presently 98.55%.

Separately, Zacks Investment Research raised shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Saturday.

Institutional investors have recently modified their holdings of the stock. LSV Asset Management boosted its position in New Mountain Finance by 12.5% during the 1st quarter. LSV Asset Management now owns 2,323,600 shares of the investment management company’s stock worth $31,531,000 after purchasing an additional 258,429 shares during the period. Dimension Capital Management LLC boosted its stake in New Mountain Finance by 43.4% in the 2nd quarter. Dimension Capital Management LLC now owns 1,570,752 shares of the investment management company’s stock worth $21,947,000 after purchasing an additional 475,629 shares in the last quarter. Round Table Services LLC boosted its stake in New Mountain Finance by 4.9% in the 2nd quarter. Round Table Services LLC now owns 1,533,784 shares of the investment management company’s stock worth $21,427,000 after purchasing an additional 71,950 shares in the last quarter. Bank of Montreal Can grew its position in New Mountain Finance by 5.2% during the 2nd quarter. Bank of Montreal Can now owns 794,000 shares of the investment management company’s stock valued at $11,092,000 after purchasing an additional 39,000 shares during the last quarter. Finally, UBS Group AG grew its position in New Mountain Finance by 5.1% during the 2nd quarter. UBS Group AG now owns 707,839 shares of the investment management company’s stock valued at $9,889,000 after purchasing an additional 34,210 shares during the last quarter. Institutional investors own 34.67% of the company’s stock.

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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