Union Bancaire Privee UBP SA Takes $309,000 Position in New Mountain Finance Co. (NASDAQ:NMFC)

Union Bancaire Privee UBP SA purchased a new position in New Mountain Finance Co. (NASDAQ:NMFC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,419 shares of the company’s stock, valued at approximately $309,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of New Mountain Finance in the 3rd quarter worth $26,000. Quantbot Technologies LP bought a new stake in shares of New Mountain Finance in the third quarter valued at about $129,000. Centiva Capital LP bought a new stake in shares of New Mountain Finance in the third quarter valued at about $130,000. Wilmington Savings Fund Society FSB purchased a new stake in New Mountain Finance in the third quarter worth about $168,000. Finally, Farther Finance Advisors LLC bought a new position in New Mountain Finance during the 3rd quarter worth about $169,000. 32.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price target on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

New Mountain Finance Price Performance

Shares of NMFC opened at $11.94 on Tuesday. The company has a 50 day moving average of $11.44 and a two-hundred day moving average of $11.68. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 11.37 and a beta of 1.15. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. New Mountain Finance Co. has a twelve month low of $10.61 and a twelve month high of $13.01.

Insider Transactions at New Mountain Finance

In related news, Director Steven B. Klinsky acquired 72,280 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the acquisition, the director now directly owns 4,285,505 shares in the company, valued at $48,340,496.40. The trade was a 1.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 95,104 shares of company stock valued at $1,083,334 in the last quarter. 10.34% of the stock is currently owned by corporate insiders.

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.