David Ogens Buys 5,000 Shares of New Mountain Finance Co. (NASDAQ:NMFC) Stock

New Mountain Finance Co. (NASDAQ:NMFC) Director David Ogens purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $11.44 per share, with a total value of $57,200.00. Following the transaction, the director now directly owns 179,020 shares in the company, valued at $2,047,988.80. This trade represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

New Mountain Finance Stock Down 0.4 %

Shares of New Mountain Finance stock opened at $11.26 on Friday. The stock has a 50-day moving average price of $11.49 and a 200 day moving average price of $11.66. The company has a market cap of $1.21 billion, a P/E ratio of 10.72 and a beta of 1.16. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. New Mountain Finance Co. has a 1 year low of $10.61 and a 1 year high of $13.01.

New Mountain Finance (NASDAQ:NMFC) last announced its quarterly earnings data 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). The business had revenue of $92.89 million during the quarter, compared to analysts’ expectations of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. As a group, analysts expect that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Monday, March 17th. New Mountain Finance’s dividend payout ratio (DPR) is presently 123.08%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in New Mountain Finance in the 3rd quarter valued at approximately $26,000. Fox Run Management L.L.C. bought a new position in New Mountain Finance in the 4th quarter valued at $114,000. MQS Management LLC bought a new position in New Mountain Finance in the 4th quarter valued at $123,000. Larson Financial Group LLC raised its position in shares of New Mountain Finance by 4,746.5% during the fourth quarter. Larson Financial Group LLC now owns 10,953 shares of the company’s stock worth $123,000 after acquiring an additional 10,727 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of New Mountain Finance during the third quarter worth $129,000. Institutional investors and hedge funds own 32.08% of the company’s stock.

About New Mountain Finance

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.