New Mountain Finance Co. (NASDAQ:NMFC) Position Cut by Bard Associates Inc.

Bard Associates Inc. trimmed its holdings in New Mountain Finance Co. (NASDAQ:NMFC) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,473 shares of the company’s stock after selling 1,700 shares during the quarter. Bard Associates Inc.’s holdings in New Mountain Finance were worth $309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in New Mountain Finance by 2.7% in the 3rd quarter. Cerity Partners LLC now owns 3,823,925 shares of the company’s stock worth $45,811,000 after buying an additional 100,315 shares in the last quarter. Van ECK Associates Corp grew its holdings in New Mountain Finance by 8.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,249,321 shares of the company’s stock worth $25,980,000 after buying an additional 168,719 shares in the last quarter. Jane Street Group LLC bought a new position in New Mountain Finance in the 3rd quarter worth approximately $375,000. Rockingstone Advisors LLC boosted its stake in New Mountain Finance by 79.1% during the 4th quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock valued at $3,177,000 after purchasing an additional 124,599 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in New Mountain Finance during the 4th quarter valued at $208,000. 32.08% of the stock is owned by institutional investors.

New Mountain Finance Stock Performance

Shares of NASDAQ NMFC opened at $11.62 on Tuesday. The stock has a fifty day moving average price of $11.49 and a two-hundred day moving average price of $11.67. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $1.25 billion, a P/E ratio of 11.07 and a beta of 1.15. 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 issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $92.89 million for the quarter, compared to the consensus estimate of $93.23 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. Research analysts forecast 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. Shareholders 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 yield of 11.02%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s payout ratio is currently 123.08%.

Insider Buying and Selling at New Mountain Finance

In related news, Director Steven B. Klinsky acquired 16,624 shares of New Mountain Finance stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $11.74 per share, with a total value of $195,165.76. Following the purchase, the director now directly owns 4,133,737 shares in the company, valued at $48,530,072.38. The trade was a 0.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.22% of the stock is currently owned by corporate insiders.

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.