Atria Wealth Solutions Inc. Has $304,000 Position in New Mountain Finance Co. (NASDAQ:NMFC)

Atria Wealth Solutions Inc. reduced its position in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,954 shares of the company’s stock after selling 3,600 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in New Mountain Finance were worth $304,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in New Mountain Finance by 3.5% during the 4th quarter. Inspire Investing LLC now owns 35,455 shares of the company’s stock valued at $399,000 after purchasing an additional 1,188 shares during the period. Confluence Investment Management LLC raised its stake in New Mountain Finance by 0.3% during the 4th quarter. Confluence Investment Management LLC now owns 429,806 shares of the company’s stock valued at $4,840,000 after purchasing an additional 1,472 shares during the period. BNP Paribas Financial Markets acquired a new stake in New Mountain Finance during the 3rd quarter valued at $26,000. Lindbrook Capital LLC raised its stake in New Mountain Finance by 0.7% during the 3rd quarter. Lindbrook Capital LLC now owns 325,365 shares of the company’s stock valued at $3,898,000 after purchasing an additional 2,389 shares during the period. Finally, Stifel Financial Corp raised its stake in New Mountain Finance by 5.3% during the 3rd quarter. Stifel Financial Corp now owns 47,138 shares of the company’s stock valued at $565,000 after purchasing an additional 2,389 shares during the period. 32.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other New Mountain Finance news, Director Steven B. Klinsky acquired 72,280 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the acquisition, the director now owns 4,285,505 shares of the company’s stock, valued at approximately $48,340,496.40. This trade represents a 1.72 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 95,104 shares of company stock worth $1,083,334 in the last ninety days. Corporate insiders own 10.22% of the company’s stock.

New Mountain Finance Trading Up 1.3 %

New Mountain Finance stock opened at $11.65 on Friday. The company’s fifty day simple moving average is $11.48 and its 200-day simple moving average is $11.68. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. New Mountain Finance Co. has a 12 month low of $10.61 and a 12 month high of $13.01. The stock has a market cap of $1.26 billion, a P/E ratio of 11.10 and a beta of 1.15.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The company had revenue of $92.89 million for the quarter, compared to analysts’ expectations of $93.23 million. As a group, sell-side analysts forecast that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 10.99%. The ex-dividend date is Monday, March 17th. New Mountain Finance’s dividend payout ratio is currently 123.08%.

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.