New Mountain Finance Co. (NASDAQ:NMFC) CEO John Kline Sells 1,238 Shares

New Mountain Finance Co. (NASDAQ:NMFC) CEO John Kline sold 1,238 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $12.55, for a total value of $15,536.90. Following the transaction, the chief executive officer now directly owns 254,610 shares of the company’s stock, valued at approximately $3,195,355.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

New Mountain Finance Trading Up 0.2 %

NASDAQ:NMFC opened at $12.72 on Thursday. The company has a 50-day moving average price of $12.60 and a 200-day moving average price of $12.72. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 10.18 and a beta of 1.13. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 1.34. New Mountain Finance Co. has a 12 month low of $11.38 and a 12 month high of $13.23.

New Mountain Finance (NASDAQ:NMFC) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $92.80 million during the quarter, compared to analyst estimates of $94.03 million. New Mountain Finance had a net margin of 36.13% and a return on equity of 11.93%. During the same period last year, the business posted $0.35 earnings per share. Equities analysts predict that New Mountain Finance Co. will post 1.53 EPS for the current year.

New Mountain Finance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date was Thursday, March 14th. This is a boost from New Mountain Finance’s previous quarterly dividend of $0.32. New Mountain Finance’s dividend payout ratio (DPR) is presently 102.40%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their target price on New Mountain Finance from $12.00 to $12.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

Institutional Investors Weigh In On New Mountain Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in New Mountain Finance by 2.6% during the fourth quarter. Cerity Partners LLC now owns 3,574,600 shares of the company’s stock valued at $45,469,000 after buying an additional 91,379 shares during the period. HighTower Advisors LLC boosted its stake in New Mountain Finance by 1.9% during the third quarter. HighTower Advisors LLC now owns 2,828,491 shares of the company’s stock worth $36,626,000 after acquiring an additional 53,195 shares in the last quarter. Van ECK Associates Corp boosted its stake in New Mountain Finance by 11.1% during the fourth quarter. Van ECK Associates Corp now owns 1,562,437 shares of the company’s stock worth $19,875,000 after acquiring an additional 156,652 shares in the last quarter. Dimension Capital Management LLC increased its stake in shares of New Mountain Finance by 1.6% during the third quarter. Dimension Capital Management LLC now owns 1,210,723 shares of the company’s stock valued at $15,679,000 after purchasing an additional 18,871 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of New Mountain Finance by 1,157.0% in the 4th quarter. International Assets Investment Management LLC now owns 426,352 shares of the company’s stock worth $5,423,000 after buying an additional 392,434 shares during the last quarter. 32.08% of the stock is owned by hedge funds and other institutional investors.

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.