Stableford Capital II LLC Takes $505,000 Position in New Mountain Finance Co. (NASDAQ:NMFC)

Stableford Capital II LLC bought a new stake in New Mountain Finance Co. (NASDAQ:NMFCFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,873 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds also recently modified their holdings of NMFC. Morton Brown Family Wealth LLC bought a new position in shares of New Mountain Finance in the 4th quarter valued at about $35,000. Barclays PLC bought a new position in shares of New Mountain Finance in the 3rd quarter valued at about $63,000. Beaumont Financial Advisors LLC bought a new position in shares of New Mountain Finance in the 4th quarter valued at about $130,000. Virtu Financial LLC bought a new position in shares of New Mountain Finance in the 4th quarter valued at about $181,000. Finally, Kestra Advisory Services LLC bought a new position in shares of New Mountain Finance in the 3rd quarter valued at about $183,000. Institutional investors own 32.08% of the company’s stock.

New Mountain Finance Price Performance

New Mountain Finance stock remained flat at $12.24 during midday trading on Thursday. 293,352 shares of the company traded hands, compared to its average volume of 418,666. The firm has a 50 day moving average price of $12.56 and a two-hundred day moving average price of $12.68. New Mountain Finance Co. has a twelve month low of $11.99 and a twelve month high of $13.23. The stock has a market capitalization of $1.30 billion, a PE ratio of 11.03 and a beta of 1.13. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

New Mountain Finance (NASDAQ:NMFCGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). New Mountain Finance had a return on equity of 11.80% and a net margin of 31.67%. The firm had revenue of $90.56 million for the quarter, compared to the consensus estimate of $90.08 million. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that New Mountain Finance Co. will post 1.43 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 10.46%. The ex-dividend date is Friday, June 14th. New Mountain Finance’s payout ratio is 115.32%.

Insiders Place Their Bets

In related news, Director David Ogens bought 3,500 shares of the company’s stock in a transaction on Friday, June 7th. The shares were purchased at an average cost of $12.62 per share, for a total transaction of $44,170.00. Following the acquisition, the director now owns 166,391 shares of the company’s stock, valued at approximately $2,099,854.42. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.22% of the company’s stock.

About New Mountain Finance

(Free Report)

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.

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Institutional Ownership by Quarter for New Mountain Finance (NASDAQ:NMFC)

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