13,047 Shares in New Mountain Finance Co. (NASDAQ:NMFC) Bought by New World Advisors LLC

New World Advisors LLC acquired a new position in shares of New Mountain Finance Co. (NASDAQ:NMFC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,047 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors also recently bought and sold shares of NMFC. BNP Paribas Financial Markets purchased a new stake in shares of New Mountain Finance in the third quarter valued at $26,000. Quantbot Technologies LP purchased a new position in New Mountain Finance during the third quarter worth about $129,000. Centiva Capital LP purchased a new position in New Mountain Finance during the third quarter worth about $130,000. Wilmington Savings Fund Society FSB purchased a new position in New Mountain Finance during the third quarter worth about $168,000. Finally, Farther Finance Advisors LLC acquired a new stake in New Mountain Finance during the third quarter worth about $169,000. 32.08% of the stock is currently owned by hedge funds and other institutional investors.

New Mountain Finance Stock Performance

Shares of NASDAQ:NMFC opened at $11.98 on Monday. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. The business has a 50-day moving average of $11.43 and a two-hundred day moving average of $11.68. New Mountain Finance Co. has a 12 month low of $10.61 and a 12 month high of $13.01.

Insider Activity

In related news, Director Steven B. Klinsky bought 72,280 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the purchase, the director now owns 4,285,505 shares in the company, valued at $48,340,496.40. This represents a 1.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 97,504 shares of company stock worth $1,111,510. 10.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price target on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note 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.