Laura Holson Boswerger Buys 14,975 Shares of New Mountain Finance Co. (NASDAQ:NMFC) Stock

New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) CFO Laura Holson Boswerger bought 14,975 shares of New Mountain Finance stock in a transaction dated Thursday, May 11th. The stock was purchased at an average cost of $11.89 per share, for a total transaction of $178,052.75. Following the completion of the acquisition, the chief financial officer now directly owns 49,398 shares of the company’s stock, valued at approximately $587,342.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

New Mountain Finance Trading Up 0.5 %

NMFC opened at $11.97 on Tuesday. The firm has a market cap of $1.21 billion, a P/E ratio of 15.35 and a beta of 1.15. New Mountain Finance Co. has a 12 month low of $11.09 and a 12 month high of $13.59. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average of $11.96 and a 200 day moving average of $12.32.

New Mountain Finance (NASDAQ:NMFC – Get Rating) last announced its earnings results on Monday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. New Mountain Finance had a return on equity of 10.35% and a net margin of 26.18%. The business had revenue of $73.90 million during the quarter, compared to analyst estimates of $83.42 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, research analysts forecast that New Mountain Finance Co. will post 1.47 EPS for the current year.

New Mountain Finance Dividend Announcement

The firm also recently announced a Variable dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, June 15th. This represents a dividend yield of 10.8%. New Mountain Finance’s dividend payout ratio (DPR) is presently 164.10%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Reuter James Wealth Management LLC boosted its position 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 buying an additional 980 shares during the period. Inspire Investing LLC raised 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 acquiring an additional 986 shares in the last quarter. Advisory Services Network LLC raised 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 acquiring an additional 1,000 shares in the last quarter. Rockefeller Capital Management L.P. raised 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 acquiring an additional 1,125 shares in the last quarter. Finally, Allen Investment Management LLC raised its stake in shares of New Mountain Finance by 5.8% during the fourth quarter. Allen Investment Management LLC now owns 20,482 shares of the company’s stock valued at $253,000 after acquiring an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 30.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NMFC shares. StockNews.com started coverage on New Mountain Finance in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Wells Fargo & Company lowered New Mountain Finance from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 18th. Finally, B. Riley lifted their price target on New Mountain Finance from $12.50 to $13.00 in a research report on Wednesday, March 1st.

New Mountain Finance Company Profile

(Get Rating)

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.