New Mountain Finance Co. (NASDAQ:NMFC) Director Steven B. Klinsky Acquires 100,000 Shares

New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) Director Steven B. Klinsky bought 100,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average price of $11.83 per share, with a total value of $1,183,000.00. Following the completion of the acquisition, the director now owns 7,620,681 shares of the company’s stock, valued at approximately $90,152,656.23. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

New Mountain Finance Price Performance

NMFC stock opened at $11.74 on Friday. New Mountain Finance Co. has a 1 year low of $11.09 and a 1 year high of $14.03. The company has a market cap of $1.19 billion, a P/E ratio of 16.31 and a beta of 1.14. The firm has a 50-day moving average of $12.70 and a 200 day moving average of $12.42. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.94 and a quick ratio of 2.94.

New Mountain Finance (NASDAQ:NMFC – Get Rating) last released its quarterly earnings results on Monday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. New Mountain Finance had a net margin of 25.38% and a return on equity of 9.68%. The company had revenue of $73.90 million during the quarter, compared to the consensus estimate of $83.42 million. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts forecast that New Mountain Finance Co. will post 1.47 EPS for the current year.

New Mountain Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date is Thursday, March 16th. New Mountain Finance’s payout ratio is currently 177.78%.

Hedge Funds Weigh In On New Mountain Finance

Institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its stake in shares of New Mountain Finance by 7.3% during the second quarter. Cerity Partners LLC now owns 11,830 shares of the company’s stock valued at $141,000 after purchasing an additional 800 shares in the last quarter. Reuter James Wealth Management LLC increased its stake in shares of New Mountain Finance by 3.5% during the fourth quarter. Reuter James Wealth Management LLC now owns 28,849 shares of the company’s stock valued at $357,000 after purchasing an additional 980 shares in the last quarter. Inspire Investing LLC increased its stake in shares of New Mountain Finance by 5.5% during the fourth quarter. Inspire Investing LLC now owns 19,029 shares of the company’s stock valued at $235,000 after purchasing an additional 986 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of New Mountain Finance by 4.9% during the first quarter. Advisory Services Network LLC now owns 21,390 shares of the company’s stock valued at $296,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of New Mountain Finance by 74.3% during the third quarter. Rockefeller Capital Management L.P. now owns 2,639 shares of the company’s stock valued at $30,000 after purchasing an additional 1,125 shares in the last quarter. 30.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their target price on shares of New Mountain Finance from $12.50 to $13.00 in a report on Wednesday, March 1st.

New Mountain Finance Company Profile

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New Mountain Finance Corp. is a is an externally managed, closed-end, non-diversified management investment company, which engages in investments in the middle market. Its objective investment is to generate current income and capital appreciation through investments in debt securities and equity interests.