Virtu Financial LLC Takes Position in New Mountain Finance Co. (NASDAQ:NMFC)

Virtu Financial LLC acquired a new position in New Mountain Finance Co. (NASDAQ:NMFC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,229 shares of the company’s stock, valued at approximately $181,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Connectus Wealth LLC increased its holdings in New Mountain Finance by 131.1% in the 4th quarter. Connectus Wealth LLC now owns 63,910 shares of the company’s stock worth $813,000 after buying an additional 36,260 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its stake in shares of New Mountain Finance by 176.0% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 183,712 shares of the company’s stock worth $2,337,000 after acquiring an additional 117,153 shares during the period. Condor Capital Management raised its holdings in shares of New Mountain Finance by 8.7% during the fourth quarter. Condor Capital Management now owns 247,765 shares of the company’s stock valued at $3,152,000 after purchasing an additional 19,813 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new stake in New Mountain Finance in the fourth quarter worth approximately $4,135,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in New Mountain Finance by 12.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 117,694 shares of the company’s stock worth $1,497,000 after purchasing an additional 12,625 shares during the period. 32.08% of the stock is owned by institutional investors.

Insider Transactions at New Mountain Finance

In related news, Director David Ogens acquired 3,500 shares of New Mountain Finance stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $12.62 per share, for a total transaction of $44,170.00. Following the purchase, the director now directly owns 166,391 shares of the company’s stock, valued at approximately $2,099,854.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.22% of the company’s stock.

New Mountain Finance Price Performance

NASDAQ NMFC opened at $12.23 on Monday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.02 and a beta of 1.13. New Mountain Finance Co. has a 1-year low of $11.99 and a 1-year high of $13.23. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The business’s fifty day moving average price is $12.55 and its 200-day moving average price is $12.68.

New Mountain Finance (NASDAQ:NMFC) last announced its earnings results on Wednesday, May 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02). New Mountain Finance had a return on equity of 11.80% and a net margin of 31.67%. The firm had revenue of $90.56 million during the quarter, compared to analysts’ expectations of $90.08 million. During the same period in the previous year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts predict that New Mountain Finance Co. will post 1.43 earnings per share for the current year.

New Mountain Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.28 annualized dividend and a yield of 10.47%. New Mountain Finance’s payout ratio is presently 115.32%.

About New Mountain Finance

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.