New Mountain Finance Corp. (NYSE:NMFC) insider James Stone acquired 3,300 shares of the stock in a transaction dated Tuesday, March 13th. The shares were bought at an average cost of $13.53 per share, for a total transaction of $44,649.00. Following the acquisition, the insider now owns 90,190 shares in the company, valued at approximately $1,220,270.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
New Mountain Finance Corp. (NYSE:NMFC) traded down $0.06 on Wednesday, reaching $13.15. The company’s stock had a trading volume of 251,187 shares, compared to its average volume of 405,230. The firm has a market cap of $1,021.33, a price-to-earnings ratio of 9.68 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.41 and a quick ratio of 3.41. New Mountain Finance Corp. has a 12-month low of $12.05 and a 12-month high of $15.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend is Wednesday, March 14th. New Mountain Finance’s dividend payout ratio (DPR) is currently 97.14%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMFC. Alliancebernstein L.P. acquired a new stake in New Mountain Finance in the 2nd quarter valued at approximately $160,000. Ameriprise Financial Inc. grew its holdings in New Mountain Finance by 54.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 24,191 shares of the investment management company’s stock valued at $352,000 after buying an additional 8,516 shares during the last quarter. California Public Employees Retirement System grew its holdings in New Mountain Finance by 43.0% in the 2nd quarter. California Public Employees Retirement System now owns 34,600 shares of the investment management company’s stock valued at $503,000 after buying an additional 10,400 shares during the last quarter. Global X MANAGEMENT CO LLC grew its holdings in New Mountain Finance by 48.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 13,461 shares of the investment management company’s stock valued at $192,000 after buying an additional 4,404 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in New Mountain Finance by 7.0% in the 3rd quarter. Sigma Planning Corp now owns 90,529 shares of the investment management company’s stock valued at $1,290,000 after buying an additional 5,945 shares during the last quarter. 39.97% of the stock is currently owned by hedge funds and other institutional investors.
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New Mountain Finance Company Profile
New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.
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