John Kline Sells 1,238 Shares of New Mountain Finance Co. (NASDAQ:NMFC) Stock

New Mountain Finance Co. (NASDAQ:NMFC) CEO John Kline sold 1,238 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $12.55, for a total transaction of $15,536.90. Following the sale, the chief executive officer now owns 254,610 shares of the company’s stock, valued at approximately $3,195,355.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

New Mountain Finance Stock Performance

NASDAQ:NMFC opened at $12.58 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.92. The stock has a market capitalization of $1.34 billion, a P/E ratio of 10.06 and a beta of 1.13. The company has a 50 day moving average price of $12.60 and a 200 day moving average price of $12.72. New Mountain Finance Co. has a fifty-two week low of $11.38 and a fifty-two week high of $13.23.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. New Mountain Finance had a net margin of 36.13% and a return on equity of 11.93%. The firm had revenue of $92.80 million during the quarter, compared to analysts’ expectations of $94.03 million. During the same quarter last year, the company posted $0.35 EPS. Equities research analysts forecast that New Mountain Finance Co. will post 1.53 EPS for the current year.

New Mountain Finance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from New Mountain Finance’s previous quarterly dividend of $0.32. New Mountain Finance’s dividend payout ratio (DPR) is currently 102.40%.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price objective on shares of New Mountain Finance from $12.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

Hedge Funds Weigh In On New Mountain Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in New Mountain Finance by 1,157.0% in the 4th quarter. International Assets Investment Management LLC now owns 426,352 shares of the company’s stock valued at $5,423,000 after buying an additional 392,434 shares during the period. GraniteShares Advisors LLC lifted its position in shares of New Mountain Finance by 4.0% during the 3rd quarter. GraniteShares Advisors LLC now owns 119,515 shares of the company’s stock worth $1,548,000 after purchasing an additional 4,585 shares during the last quarter. Cerity Partners LLC lifted its position in shares of New Mountain Finance by 2.6% during the 4th quarter. Cerity Partners LLC now owns 3,574,600 shares of the company’s stock worth $45,469,000 after purchasing an additional 91,379 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of New Mountain Finance by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 2,828,491 shares of the company’s stock worth $36,626,000 after purchasing an additional 53,195 shares during the last quarter. Finally, SVB Wealth LLC lifted its position in shares of New Mountain Finance by 13.5% during the 4th quarter. SVB Wealth LLC now owns 32,927 shares of the company’s stock worth $419,000 after purchasing an additional 3,926 shares during the last quarter. 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.