Epoch Investment Partners Inc. Sells 11,464 Shares of New Mountain Finance Corporation $NMFC

Epoch Investment Partners Inc. reduced its position in New Mountain Finance Corporation (NASDAQ:NMFC) by 13.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,315 shares of the company’s stock after selling 11,464 shares during the period. Epoch Investment Partners Inc.’s holdings in New Mountain Finance were worth $809,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in New Mountain Finance by 240.4% in the 4th quarter. BNP Paribas Financial Markets now owns 7,488 shares of the company’s stock valued at $84,000 after buying an additional 5,288 shares during the last quarter. Entropy Technologies LP purchased a new stake in New Mountain Finance in the 1st quarter valued at $130,000. Vise Technologies Inc. raised its position in New Mountain Finance by 7.2% in the 4th quarter. Vise Technologies Inc. now owns 16,494 shares of the company’s stock valued at $186,000 after buying an additional 1,110 shares during the last quarter. ProShare Advisors LLC raised its position in New Mountain Finance by 17.2% in the 4th quarter. ProShare Advisors LLC now owns 18,161 shares of the company’s stock valued at $204,000 after buying an additional 2,664 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in New Mountain Finance in the 4th quarter valued at $236,000. 32.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NMFC has been the subject of a number of analyst reports. B. Riley initiated coverage on New Mountain Finance in a research report on Tuesday, May 13th. They issued a “neutral” rating and a $11.00 price target for the company. Oppenheimer set a $11.00 price target on New Mountain Finance and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.75.

New Mountain Finance Trading Up 0.4%

Shares of New Mountain Finance stock opened at $10.46 on Thursday. New Mountain Finance Corporation has a 1 year low of $8.84 and a 1 year high of $12.44. The firm has a market cap of $1.11 billion, a PE ratio of 13.76 and a beta of 0.82. The stock has a fifty day moving average price of $10.50 and a 200-day moving average price of $10.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.42 and a quick ratio of 1.42.

New Mountain Finance (NASDAQ:NMFC) last announced its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. New Mountain Finance had a return on equity of 10.43% and a net margin of 23.27%.The firm had revenue of $83.49 million during the quarter, compared to analyst estimates of $84.57 million. During the same period last year, the firm posted $0.36 EPS. Equities research analysts anticipate that New Mountain Finance Corporation will post 1.39 EPS for the current year.

New Mountain Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 12.2%. New Mountain Finance’s dividend payout ratio (DPR) is currently 168.42%.

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.