New Mountain Finance Co. (NASDAQ:NMFC) Director David Ogens Acquires 5,000 Shares

New Mountain Finance Co. (NASDAQ:NMFC) Director David Ogens purchased 5,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the completion of the purchase, the director now directly owns 179,020 shares of the company’s stock, valued at $2,047,988.80. The trade was a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

New Mountain Finance Price Performance

NMFC stock opened at $11.26 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.72 and a beta of 1.16. New Mountain Finance Co. has a twelve month low of $10.61 and a twelve month high of $13.01. The business has a 50 day simple moving average of $11.49 and a 200-day simple moving average of $11.66. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46.

New Mountain Finance (NASDAQ:NMFC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The company had revenue of $92.89 million for the quarter, compared to analyst estimates of $93.23 million. As a group, equities analysts anticipate that New Mountain Finance Co. will post 1.39 EPS for the current year.

New Mountain Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s dividend payout ratio (DPR) is currently 123.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NMFC. BNP Paribas Financial Markets purchased a new stake in New Mountain Finance during the 3rd quarter worth about $26,000. Fox Run Management L.L.C. acquired a new position in New Mountain Finance during the 4th quarter worth approximately $114,000. MQS Management LLC acquired a new position in shares of New Mountain Finance in the 4th quarter valued at approximately $123,000. Larson Financial Group LLC raised its position in shares of New Mountain Finance by 4,746.5% during the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company’s stock valued at $123,000 after acquiring an additional 10,727 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in New Mountain Finance in the third quarter worth $129,000. Hedge funds and other institutional investors own 32.08% of the company’s stock.

New Mountain Finance Company Profile

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.