New Mountain Finance Co. (NASDAQ:NMFC) Director Acquires $57,200.00 in Stock

New Mountain Finance Co. (NASDAQ:NMFC) Director David Ogens acquired 5,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $11.44 per share, with a total value of $57,200.00. Following the completion of the purchase, the director now owns 179,020 shares in the company, valued at $2,047,988.80. This represents a 2.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

New Mountain Finance Price Performance

NASDAQ:NMFC opened at $11.38 on Friday. New Mountain Finance Co. has a 12 month low of $10.61 and a 12 month high of $13.01. The stock has a 50 day moving average of $11.50 and a two-hundred day moving average of $11.65. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The firm has a market cap of $1.23 billion, a P/E ratio of 10.84 and a beta of 1.16.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The firm had revenue of $92.89 million for the quarter, compared to analysts’ expectations of $93.23 million. On average, analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.25%. New Mountain Finance’s dividend payout ratio (DPR) is presently 123.08%.

Institutional Investors Weigh In On New Mountain Finance

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of New Mountain Finance in the third quarter valued at approximately $26,000. Fox Run Management L.L.C. purchased a new stake in shares of New Mountain Finance in the fourth quarter valued at approximately $114,000. Quantbot Technologies LP purchased a new stake in shares of New Mountain Finance in the third quarter valued at approximately $129,000. Centiva Capital LP purchased a new stake in shares of New Mountain Finance in the third quarter valued at approximately $130,000. Finally, MQS Management LLC purchased a new stake in shares of New Mountain Finance in the fourth quarter valued at approximately $123,000. 32.08% of the stock is currently 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.