First National Trust Co Acquires 4,574 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

First National Trust Co increased its holdings in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,579 shares of the company’s stock after purchasing an additional 4,574 shares during the quarter. First National Trust Co’s holdings in New Mountain Finance were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NMFC. BNP Paribas Financial Markets bought a new position in shares of New Mountain Finance during the third quarter valued at $26,000. MQS Management LLC bought a new position in shares of New Mountain Finance during the fourth quarter valued at $123,000. Larson Financial Group LLC lifted its holdings in shares of New Mountain Finance by 4,746.5% during the fourth quarter. Larson Financial Group LLC now owns 10,953 shares of the company’s stock valued at $123,000 after purchasing an additional 10,727 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of New Mountain Finance during the third quarter valued at $129,000. Finally, Centiva Capital LP bought a new position in shares of New Mountain Finance during the third quarter valued at $130,000. 32.08% of the stock is owned by institutional investors.

New Mountain Finance Stock Up 1.5 %

New Mountain Finance stock opened at $11.16 on Friday. The stock has a market cap of $1.20 billion, a PE ratio of 10.63 and a beta of 1.16. 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 Co. has a one year low of $10.61 and a one year high of $12.81. The stock has a fifty day moving average of $11.48 and a 200 day moving average of $11.61.

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

New Mountain Finance Cuts Dividend

The company also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s dividend payout ratio (DPR) is presently 123.08%.

Insider Activity at New Mountain Finance

In related news, Director David Ogens purchased 5,000 shares of New Mountain Finance stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the completion of the transaction, the director now directly owns 179,020 shares in the company, valued at $2,047,988.80. This represents a 2.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven B. Klinsky purchased 72,280 shares of New Mountain Finance stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $11.28 per share, with a total value of $815,318.40. Following the transaction, the director now owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. This represents a 1.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.22% of the stock is owned by company insiders.

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.