New Mountain Finance Co. (NASDAQ:NMFC) Stock Position Lowered by Denali Advisors LLC

Denali Advisors LLC decreased its position in New Mountain Finance Co. (NASDAQ:NMFC) by 20.1% in the fourth quarter, HoldingsChannel reports. The firm owned 106,071 shares of the company’s stock after selling 26,693 shares during the period. Denali Advisors LLC’s holdings in New Mountain Finance were worth $1,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of New Mountain Finance by 2.7% in the third quarter. Cerity Partners LLC now owns 3,823,925 shares of the company’s stock worth $45,811,000 after buying an additional 100,315 shares during the period. Van ECK Associates Corp lifted its stake in New Mountain Finance by 8.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,249,321 shares of the company’s stock worth $25,980,000 after acquiring an additional 168,719 shares in the last quarter. Jane Street Group LLC purchased a new stake in New Mountain Finance in the 3rd quarter worth about $375,000. Rockingstone Advisors LLC boosted its position in New Mountain Finance by 79.1% during the 4th quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock worth $3,177,000 after acquiring an additional 124,599 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in New Mountain Finance during the 4th quarter valued at about $208,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at New Mountain Finance

In other news, Director Steven B. Klinsky acquired 72,280 shares of New Mountain Finance 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 owns 4,285,505 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 95,104 shares of company stock valued at $1,083,334. 10.34% of the stock is owned by insiders.

New Mountain Finance Price Performance

Shares of NMFC opened at $11.75 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. 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 business’s 50-day moving average is $11.46 and its 200-day moving average is $11.68. New Mountain Finance Co. has a fifty-two week low of $10.61 and a fifty-two week high of $13.01.

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

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.