Jane Street Group LLC Takes Position in New Mountain Finance Co. (NASDAQ:NMFC)

Jane Street Group LLC bought a new stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,341 shares of the company’s stock, valued at approximately $375,000.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of New Mountain Finance during the third quarter worth approximately $26,000. Quarry LP boosted its position in shares of New Mountain Finance by 68.3% during the second quarter. Quarry LP now owns 3,307 shares of the company’s stock worth $40,000 after buying an additional 1,342 shares during the period. Clearstead Trust LLC acquired a new position in shares of New Mountain Finance during the second quarter worth approximately $98,000. Quantbot Technologies LP acquired a new position in shares of New Mountain Finance during the third quarter worth approximately $129,000. Finally, Centiva Capital LP acquired a new position in shares of New Mountain Finance during the third quarter worth approximately $130,000. 32.08% of the stock is owned by institutional investors.

Insider Buying and Selling at New Mountain Finance

In other news, CEO John Kline bought 41,550 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of $10.92 per share, with a total value of $453,726.00. Following the purchase, the chief executive officer now directly owns 351,783 shares in the company, valued at $3,841,470.36. This trade represents a 13.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven B. Klinsky bought 150,609 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average cost of $10.87 per share, for a total transaction of $1,637,119.83. Following the completion of the purchase, the director now owns 3,632,326 shares in the company, valued at approximately $39,483,383.62. This trade represents a 4.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 324,530 shares of company stock valued at $3,603,675 in the last three months. 10.22% of the stock is currently owned by company insiders.

New Mountain Finance Stock Performance

NMFC opened at $11.00 on Thursday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.48 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. New Mountain Finance Co. has a 1-year low of $10.61 and a 1-year high of $13.10. The business has a 50 day moving average price of $11.45 and a two-hundred day moving average price of $11.86.

New Mountain Finance (NASDAQ:NMFC) last released its earnings results on Wednesday, October 30th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The firm had revenue of $95.33 million during the quarter, compared to analyst estimates of $94.10 million. During the same quarter last year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts predict that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.33 per share. This is an increase from New Mountain Finance’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 12.00%. The ex-dividend date was Tuesday, December 17th. New Mountain Finance’s payout ratio is 121.90%.

Wall Street Analysts Forecast Growth

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