Union Bancaire Privee UBP SA Buys New Shares in New Mountain Finance Co. (NASDAQ:NMFC)

Union Bancaire Privee UBP SA purchased a new position in shares of New Mountain Finance Co. (NASDAQ:NMFC) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 27,419 shares of the company’s stock, valued at approximately $309,000.

Several other hedge funds have also recently made changes to their positions in NMFC. BNP Paribas Financial Markets acquired a new stake in New Mountain Finance during the third quarter worth approximately $26,000. Quarry LP grew its position in shares of New Mountain Finance by 68.3% during the 2nd quarter. Quarry LP now owns 3,307 shares of the company’s stock worth $40,000 after buying an additional 1,342 shares during the period. Quantbot Technologies LP bought a new stake in shares of New Mountain Finance in the 3rd quarter valued at $129,000. Centiva Capital LP acquired a new position in shares of New Mountain Finance during the 3rd quarter valued at $130,000. Finally, Wilmington Savings Fund Society FSB bought a new position in New Mountain Finance during the third quarter worth $168,000. 32.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at New Mountain Finance

In related news, Director Steven B. Klinsky acquired 72,280 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of $11.28 per share, with a total value of $815,318.40. Following the acquisition, the director now owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. This trade represents a 1.72 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Kline bought 41,550 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of $10.92 per share, for a total transaction of $453,726.00. Following the transaction, the chief executive officer now owns 351,783 shares of the company’s stock, valued at $3,841,470.36. The trade was a 13.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 324,530 shares of company stock valued at $3,603,675 over the last three months. Corporate insiders own 10.22% of the company’s stock.

New Mountain Finance Trading Up 0.3 %

Shares of New Mountain Finance stock opened at $11.55 on Wednesday. The stock has a market capitalization of $1.25 billion, a PE ratio of 11.00 and a beta of 1.15. New Mountain Finance Co. has a 52 week low of $10.61 and a 52 week high of $13.09. The stock has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $11.76. 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 (NASDAQ:NMFC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business had revenue of $95.33 million for the quarter, compared to the consensus estimate of $94.10 million. During the same quarter last year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

About New Mountain Finance

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.