New Mountain Finance Co. (NASDAQ:NMFC) CEO John Kline Sells 1,238 Shares

New Mountain Finance Co. (NASDAQ:NMFC) CEO John Kline sold 1,238 shares of New Mountain Finance stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $12.55, for a total value of $15,536.90. Following the completion of the sale, the chief executive officer now owns 254,610 shares of the company’s stock, valued at $3,195,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

New Mountain Finance Price Performance

NASDAQ NMFC traded up $0.02 during trading on Wednesday, reaching $12.72. The company’s stock had a trading volume of 240,583 shares, compared to its average volume of 430,310. The stock has a market capitalization of $1.35 billion, a PE ratio of 10.16 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a fifty day moving average of $12.60 and a 200 day moving average of $12.72. New Mountain Finance Co. has a one year low of $11.38 and a one year high of $13.23.

New Mountain Finance (NASDAQ:NMFC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analyst estimates of $94.03 million. New Mountain Finance had a return on equity of 11.93% and a net margin of 36.13%. During the same period in the prior year, the company earned $0.35 EPS. Analysts expect that New Mountain Finance Co. will post 1.53 EPS for the current fiscal year.

New Mountain Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.36 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.44 annualized dividend and a yield of 11.32%. This is a boost from New Mountain Finance’s previous quarterly dividend of $0.32. New Mountain Finance’s dividend payout ratio (DPR) is 102.40%.

Institutional Investors Weigh In On New Mountain Finance

Several institutional investors and hedge funds have recently bought and sold shares of NMFC. Cerity Partners LLC lifted its stake in shares of New Mountain Finance by 2.6% in the 4th quarter. Cerity Partners LLC now owns 3,574,600 shares of the company’s stock valued at $45,469,000 after purchasing an additional 91,379 shares during the period. HighTower Advisors LLC lifted its stake in shares of New Mountain Finance by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 2,828,491 shares of the company’s stock valued at $36,626,000 after purchasing an additional 53,195 shares during the period. Van ECK Associates Corp lifted its stake in shares of New Mountain Finance by 11.1% in the 4th quarter. Van ECK Associates Corp now owns 1,562,437 shares of the company’s stock valued at $19,875,000 after purchasing an additional 156,652 shares during the period. Dimension Capital Management LLC lifted its stake in shares of New Mountain Finance by 1.6% in the 3rd quarter. Dimension Capital Management LLC now owns 1,210,723 shares of the company’s stock valued at $15,679,000 after purchasing an additional 18,871 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of New Mountain Finance by 1,157.0% in the 4th quarter. International Assets Investment Management LLC now owns 426,352 shares of the company’s stock valued at $5,423,000 after purchasing an additional 392,434 shares during the period. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price target on New Mountain Finance from $12.00 to $12.50 and gave the stock an “equal weight” rating in a report on Monday, January 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.