Insider Buying: New Mountain Finance Co. (NASDAQ:NMFC) Director Purchases 5,000 Shares of Stock

New Mountain Finance Co. (NASDAQ:NMFC) Director David Ogens bought 5,000 shares of New Mountain Finance stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $11.44 per share, with a total value of $57,200.00. Following the acquisition, the director now directly owns 179,020 shares in the company, valued at approximately $2,047,988.80. This represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

New Mountain Finance Price Performance

NMFC stock opened at $11.38 on Friday. The firm has a 50 day moving average of $11.49 and a 200-day moving average of $11.66. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $1.23 billion, a P/E ratio of 10.84 and a beta of 1.16. New Mountain Finance Co. has a 12 month low of $10.61 and a 12 month high of $13.01.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The firm had revenue of $92.89 million for the quarter, compared to analysts’ expectations of $93.23 million. As a group, sell-side analysts predict that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.32 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a yield of 11.25%. New Mountain Finance’s dividend payout ratio is currently 123.08%.

Institutional Trading of New Mountain Finance

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of New Mountain Finance in the third quarter worth approximately $26,000. Fox Run Management L.L.C. purchased a new position in New Mountain Finance in the 4th quarter worth approximately $114,000. MQS Management LLC bought a new position in shares of New Mountain Finance in the 4th quarter worth $123,000. Larson Financial Group LLC raised its position in shares of New Mountain Finance by 4,746.5% during the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company’s stock valued at $123,000 after buying an additional 10,727 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of New Mountain Finance during the 3rd quarter worth $129,000. Hedge funds and other institutional investors own 32.08% of the company’s stock.

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.