WFA Asset Management Corp Has $513,000 Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

WFA Asset Management Corp cut its position in New Mountain Finance Co. (NASDAQ:NMFC) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,504 shares of the company’s stock after selling 3,645 shares during the period. WFA Asset Management Corp’s holdings in New Mountain Finance were worth $513,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Morton Brown Family Wealth LLC bought a new stake in shares of New Mountain Finance during the fourth quarter worth approximately $35,000. Barclays PLC bought a new stake in shares of New Mountain Finance during the third quarter worth approximately $63,000. Beaumont Financial Advisors LLC bought a new stake in shares of New Mountain Finance during the fourth quarter worth approximately $130,000. Virtu Financial LLC bought a new stake in shares of New Mountain Finance during the fourth quarter worth approximately $181,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of New Mountain Finance during the third quarter worth approximately $183,000. 32.08% of the stock is owned by institutional investors.

Insider Activity

In other New Mountain Finance news, Director David Ogens bought 3,500 shares of New Mountain Finance stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of $12.62 per share, for a total transaction of $44,170.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.34% of the company’s stock.

New Mountain Finance Trading Up 0.4 %

NASDAQ:NMFC traded up $0.05 during trading hours on Wednesday, hitting $12.39. The stock had a trading volume of 184,665 shares, compared to its average volume of 425,492. New Mountain Finance Co. has a one year low of $12.12 and a one year high of $13.23. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 11.12 and a beta of 1.15. The business’s 50 day moving average is $12.51 and its 200-day moving average is $12.64.

New Mountain Finance (NASDAQ:NMFC) last issued its earnings results on Wednesday, May 1st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The firm had revenue of $90.56 million during the quarter, compared to the consensus estimate of $90.08 million. New Mountain Finance had a net margin of 31.67% and a return on equity of 11.80%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Sell-side analysts anticipate that New Mountain Finance Co. will post 1.43 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 10.33%. The ex-dividend date of this dividend was Friday, June 14th. New Mountain Finance’s dividend payout ratio (DPR) is presently 115.32%.

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.