UBS Group AG Purchases 385,891 Shares of New Mountain Finance Corporation $NMFC

UBS Group AG increased its position in New Mountain Finance Corporation (NASDAQ:NMFC) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,541,128 shares of the company’s stock after purchasing an additional 385,891 shares during the quarter. UBS Group AG’s holdings in New Mountain Finance were worth $14,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NMFC. State of Alaska Department of Revenue bought a new position in New Mountain Finance in the third quarter worth approximately $47,000. US Bancorp DE bought a new position in New Mountain Finance in the third quarter worth approximately $48,000. Advisory Services Network LLC bought a new position in New Mountain Finance in the third quarter worth approximately $65,000. Sound Income Strategies LLC grew its stake in New Mountain Finance by 699.5% in the fourth quarter. Sound Income Strategies LLC now owns 7,683 shares of the company’s stock worth $70,000 after purchasing an additional 6,722 shares in the last quarter. Finally, United Capital Financial Advisors LLC bought a new position in New Mountain Finance in the third quarter worth approximately $97,000. Institutional investors own 32.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research raised New Mountain Finance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of New Mountain Finance in a research note on Tuesday, April 21st. Wells Fargo & Company reduced their price objective on shares of New Mountain Finance from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Keefe, Bruyette & Woods reduced their price objective on shares of New Mountain Finance from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Wednesday, March 4th. Finally, Wall Street Zen raised shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, New Mountain Finance has a consensus rating of “Reduce” and an average target price of $9.25.

New Mountain Finance Stock Performance

Shares of NASDAQ:NMFC opened at $8.08 on Thursday. The company has a market capitalization of $763.16 million, a price-to-earnings ratio of -13.93 and a beta of 0.57. New Mountain Finance Corporation has a 52 week low of $7.47 and a 52 week high of $11.04. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $8.05 and a 200 day moving average of $8.72.

New Mountain Finance (NASDAQ:NMFC) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $41.27 million during the quarter, compared to the consensus estimate of $67.76 million. New Mountain Finance had a negative net margin of 18.65% and a positive return on equity of 11.14%. New Mountain Finance’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. On average, sell-side analysts predict that New Mountain Finance Corporation will post 1.11 earnings per share for the current fiscal year.

New Mountain Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.4%. New Mountain Finance’s dividend payout ratio is presently -220.69%.

Insider Transactions at New Mountain Finance

In other New Mountain Finance news, EVP Adam B. Weinstein purchased 12,900 shares of New Mountain Finance stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of $7.61 per share, with a total value of $98,169.00. Following the completion of the transaction, the executive vice president owned 751,756 shares in the company, valued at approximately $5,720,863.16. This trade represents a 1.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Laura C. Holson Boswerger purchased 12,500 shares of New Mountain Finance stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $7.74 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the chief operating officer owned 81,030 shares of the company’s stock, valued at approximately $627,172.20. This represents a 18.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 1,200,673 shares of company stock valued at $9,662,634. Corporate insiders own 14.90% of the company’s stock.

About New Mountain Finance

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.