Prevail Innovative Wealth Advisors LLC Has $2.01 Million Stake in New Mountain Finance Co. (NASDAQ:NMFC)

Prevail Innovative Wealth Advisors LLC lessened its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,374 shares of the company’s stock after selling 12,899 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in New Mountain Finance were worth $2,008,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC boosted its position in New Mountain Finance by 7.6% during the third quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company’s stock worth $40,438,000 after purchasing an additional 237,594 shares during the period. Van ECK Associates Corp boosted its holdings in shares of New Mountain Finance by 4.1% during the 4th quarter. Van ECK Associates Corp now owns 2,342,650 shares of the company’s stock worth $26,378,000 after buying an additional 93,329 shares during the period. JPMorgan Chase & Co. grew its stake in New Mountain Finance by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,258,842 shares of the company’s stock valued at $15,081,000 after buying an additional 15,988 shares during the last quarter. Confluence Investment Management LLC lifted its position in New Mountain Finance by 0.3% during the 4th quarter. Confluence Investment Management LLC now owns 429,806 shares of the company’s stock worth $4,840,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Rockingstone Advisors LLC boosted its holdings in New Mountain Finance by 79.1% during the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock valued at $3,177,000 after acquiring an additional 124,599 shares during the period. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Trading Down 0.3 %

New Mountain Finance stock opened at $11.07 on Friday. The business’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $11.53. New Mountain Finance Co. has a 52 week low of $10.62 and a 52 week high of $12.81. The firm has a market capitalization of $1.19 billion, a PE ratio of 10.54 and a beta of 1.16. 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 (NASDAQ:NMFC) last released its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $92.89 million during 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%. Equities research analysts forecast that New Mountain Finance Co. will post 1.39 earnings per share for the current year.

New Mountain Finance Cuts Dividend

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

Insider Buying and Selling

In related news, Director David Ogens bought 5,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 10.22% of the company’s stock.

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.