Point72 Asset Management L.P. purchased a new stake in New Mountain Finance Corp. (NYSE:NMFC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 33,862 shares of the investment management company’s stock, valued at approximately $462,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Round Table Services LLC grew its stake in New Mountain Finance by 5.7% during the 3rd quarter. Round Table Services LLC now owns 1,620,931 shares of the investment management company’s stock worth $22,093,000 after buying an additional 87,147 shares during the last quarter. Dimension Capital Management LLC lifted its stake in New Mountain Finance by 43.4% in the second quarter. Dimension Capital Management LLC now owns 1,570,752 shares of the investment management company’s stock valued at $21,947,000 after buying an additional 475,629 shares during the last quarter. Bank of Montreal Can lifted its stake in New Mountain Finance by 5.2% in the second quarter. Bank of Montreal Can now owns 794,000 shares of the investment management company’s stock valued at $11,092,000 after buying an additional 39,000 shares during the last quarter. UBS Group AG boosted its holdings in shares of New Mountain Finance by 5.1% during the second quarter. UBS Group AG now owns 707,839 shares of the investment management company’s stock valued at $9,889,000 after acquiring an additional 34,210 shares during the period. Finally, Cliffwater LLC boosted its holdings in shares of New Mountain Finance by 10.1% during the second quarter. Cliffwater LLC now owns 689,954 shares of the investment management company’s stock valued at $9,639,000 after acquiring an additional 63,537 shares during the period. 32.66% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Robert Hamwee bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of $13.25 per share, for a total transaction of $265,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rome G. Arnold III bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average price of $13.70 per share, with a total value of $82,200.00. Over the last 90 days, insiders purchased 435,998 shares of company stock worth $6,246,459. 10.46% of the stock is owned by insiders.
Shares of NYSE NMFC opened at $13.79 on Friday. New Mountain Finance Corp. has a 12-month low of $12.06 and a 12-month high of $14.38. The company has a market cap of $1.33 billion, a PE ratio of 9.99 and a beta of 0.52. The stock has a 50 day simple moving average of $13.49 and a 200-day simple moving average of $13.68. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.55.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Thursday, December 12th. New Mountain Finance’s dividend payout ratio is currently 98.55%.
New Mountain Finance Profile
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation.
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