New Mountain Finance Co. (NASDAQ:NMFC) Shares Sold by Everstar Asset Management LLC

Everstar Asset Management LLC reduced its holdings in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,075 shares of the company’s stock after selling 14,398 shares during the period. Everstar Asset Management LLC’s holdings in New Mountain Finance were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in shares of New Mountain Finance during the third quarter worth $26,000. Fox Run Management L.L.C. acquired a new position in New Mountain Finance during the 4th quarter worth $114,000. MQS Management LLC purchased a new stake in New Mountain Finance during the 4th quarter worth about $123,000. Larson Financial Group LLC raised its position in New Mountain Finance by 4,746.5% in the 4th quarter. Larson Financial Group LLC now owns 10,953 shares of the company’s stock valued at $123,000 after purchasing an additional 10,727 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of New Mountain Finance in the 3rd quarter valued at about $129,000. 32.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at New Mountain Finance

In related news, Director David Ogens acquired 5,000 shares of New Mountain Finance stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the transaction, the director now owns 179,020 shares of the company’s stock, valued at $2,047,988.80. This represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.22% of the company’s stock.

New Mountain Finance Stock Performance

Shares of New Mountain Finance stock opened at $11.07 on Monday. The business has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $11.52. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. New Mountain Finance Co. has a one year low of $10.62 and a one year high of $12.81. The company has a market cap of $1.19 billion, a PE ratio of 10.54 and a beta of 1.16.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings results 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 analyst estimates of $93.23 million. On average, equities research analysts forecast that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s dividend payout ratio (DPR) is 123.08%.

New Mountain Finance 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.