Atria Wealth Solutions Inc. Sells 3,600 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

Atria Wealth Solutions Inc. lowered its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 11.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,954 shares of the company’s stock after selling 3,600 shares during the period. Atria Wealth Solutions Inc.’s holdings in New Mountain Finance were worth $304,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NMFC. International Assets Investment Management LLC raised its position in shares of New Mountain Finance by 1,017.3% during the third quarter. International Assets Investment Management LLC now owns 374,487 shares of the company’s stock valued at $4,486,000 after buying an additional 340,969 shares during the last quarter. HighTower Advisors LLC raised its position in shares of New Mountain Finance by 7.6% during the third quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company’s stock valued at $40,438,000 after buying an additional 237,594 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of New Mountain Finance during the third quarter valued at about $2,608,000. Van ECK Associates Corp raised its position in shares of New Mountain Finance by 8.1% during the third quarter. Van ECK Associates Corp now owns 2,249,321 shares of the company’s stock valued at $25,980,000 after buying an additional 168,719 shares during the last quarter. Finally, Rockingstone Advisors LLC raised its position in shares of New Mountain Finance by 79.1% during the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock valued at $3,177,000 after buying an additional 124,599 shares during the last quarter. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Stock Up 1.3 %

Shares of NMFC opened at $11.65 on Friday. The company has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $11.68. The firm has a market capitalization of $1.26 billion, a P/E ratio of 11.10 and a beta of 1.15. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. New Mountain Finance Co. has a 52 week low of $10.61 and a 52 week high of $13.01.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) 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 business had revenue of $92.89 million during the quarter, compared to analyst estimates of $93.23 million. On average, equities research analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current year.

New Mountain Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 10.99%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s dividend payout ratio (DPR) is presently 123.08%.

Insider Buying and Selling

In other New Mountain Finance news, Director Steven B. Klinsky purchased 72,280 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 95,104 shares of company stock valued at $1,083,334 over the last quarter. Corporate insiders own 10.22% of the company’s stock.

New Mountain Finance 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.