New Mountain Finance Co. (NASDAQ:NMFC) Shares Bought by EMC Capital Management

EMC Capital Management increased its stake in New Mountain Finance Co. (NASDAQ:NMFC) by 130.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,470 shares of the company’s stock after buying an additional 10,462 shares during the quarter. EMC Capital Management’s holdings in New Mountain Finance were worth $208,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Inspire Investing LLC boosted its holdings in New Mountain Finance by 3.5% in the 4th quarter. Inspire Investing LLC now owns 35,455 shares of the company’s stock worth $399,000 after acquiring an additional 1,188 shares during the period. Quarry LP lifted its position in shares of New Mountain Finance by 68.3% during the second quarter. Quarry LP now owns 3,307 shares of the company’s stock worth $40,000 after purchasing an additional 1,342 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of New Mountain Finance by 0.3% in the fourth quarter. Confluence Investment Management LLC now owns 429,806 shares of the company’s stock valued at $4,840,000 after purchasing an additional 1,472 shares during the period. ProShare Advisors LLC grew its holdings in New Mountain Finance by 14.3% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock valued at $182,000 after purchasing an additional 1,860 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in New Mountain Finance during the 3rd quarter worth $26,000. Institutional investors and hedge funds own 32.08% of the company’s stock.

Insider Buying and Selling at New Mountain Finance

In other news, CEO John Kline acquired 41,550 shares of New Mountain Finance stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average cost of $10.92 per share, for a total transaction of $453,726.00. Following the completion of the purchase, the chief executive officer now directly owns 351,783 shares of the company’s stock, valued at $3,841,470.36. This trade represents a 13.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven B. Klinsky bought 150,609 shares of the stock in a transaction on Wednesday, November 6th. The shares were acquired at an average price of $10.87 per share, with a total value of $1,637,119.83. Following the purchase, the director now owns 3,632,326 shares of the company’s stock, valued at $39,483,383.62. The trade was a 4.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 324,530 shares of company stock worth $3,603,675 in the last ninety days. 10.22% of the stock is owned by insiders.

New Mountain Finance Price Performance

Shares of NASDAQ NMFC opened at $11.58 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. New Mountain Finance Co. has a fifty-two week low of $10.61 and a fifty-two week high of $13.04. The business has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $11.75. The firm has a market cap of $1.25 billion, a PE ratio of 11.03 and a beta of 1.15.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $95.33 million for the quarter, compared to analyst estimates of $94.10 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Sell-side analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

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.