New Mountain Finance Co. (NASDAQ:NMFC) Stake Lessened by Denali Advisors LLC

Denali Advisors LLC lessened its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,071 shares of the company’s stock after selling 26,693 shares during the quarter. Denali Advisors LLC owned about 0.10% of New Mountain Finance worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NMFC. BNP Paribas Financial Markets bought a new position in New Mountain Finance during the 3rd quarter valued at $26,000. Quantbot Technologies LP bought a new position in New Mountain Finance during the third quarter valued at about $129,000. Centiva Capital LP bought a new position in New Mountain Finance during the third quarter valued at about $130,000. New World Advisors LLC acquired a new position in New Mountain Finance during the fourth quarter worth about $147,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in New Mountain Finance in the third quarter worth about $168,000. Institutional investors own 32.08% of the company’s stock.

Insider Transactions at New Mountain Finance

In related news, Director Steven B. Klinsky bought 72,280 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $11.28 per share, with a total value of $815,318.40. Following the completion of the transaction, the director now directly owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. This trade represents a 1.72 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 95,104 shares of company stock valued at $1,083,334 in the last three months. 10.34% of the stock is currently owned by corporate insiders.

New Mountain Finance Price Performance

Shares of NASDAQ NMFC opened at $11.75 on Thursday. The firm has a 50-day moving average of $11.46 and a two-hundred day moving average of $11.68. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.19 and a beta of 1.15. 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 Co. has a twelve month low of $10.61 and a twelve month high of $13.01.

New Mountain Finance (NASDAQ:NMFC) last released its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $92.89 million for the quarter, compared to analyst estimates 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, analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

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.