Oppenheimer & Co. Inc. Grows Stock Position in New Mountain Finance Co. (NASDAQ:NMFC)

Oppenheimer & Co. Inc. grew its position in New Mountain Finance Co. (NASDAQ:NMFC) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,174 shares of the company’s stock after acquiring an additional 3,708 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in New Mountain Finance were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC lifted its position in shares of New Mountain Finance by 3.5% in the fourth quarter. Inspire Investing LLC now owns 35,455 shares of the company’s stock valued at $399,000 after acquiring an additional 1,188 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of New Mountain Finance by 0.3% in the fourth quarter. Confluence Investment Management LLC now owns 429,806 shares of the company’s stock valued at $4,840,000 after acquiring an additional 1,472 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of New Mountain Finance in the third quarter valued at approximately $26,000. Lindbrook Capital LLC increased its holdings in shares of New Mountain Finance by 0.7% in the third 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 last quarter. Finally, Stifel Financial Corp increased its holdings in shares of New Mountain Finance by 5.3% in the third 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 last quarter. Hedge funds and other institutional investors own 32.08% of the company’s stock.

New Mountain Finance Price Performance

NASDAQ:NMFC opened at $11.38 on Friday. New Mountain Finance Co. has a one year low of $10.61 and a one year high of $13.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $1.23 billion, a PE ratio of 10.84 and a beta of 1.16. The stock has a 50 day moving average price of $11.49 and a 200 day moving average price of $11.66.

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 during the quarter, compared to analyst estimates of $93.23 million. Equities research analysts expect 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. Investors of record on Monday, March 17th will be issued a $0.32 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.28 annualized dividend and a dividend yield of 11.25%. New Mountain Finance’s dividend payout ratio is presently 123.08%.

Insider Activity at New Mountain Finance

In other New Mountain Finance news, Director Steven B. Klinsky bought 72,280 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $11.28 per share, with a total value of $815,318.40. Following the completion of the purchase, the director now directly owns 4,285,505 shares in the company, valued at $48,340,496.40. The trade was a 1.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Ogens bought 5,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $11.44 per share, with a total value of $57,200.00. Following the purchase, the director now owns 179,020 shares of the company’s stock, valued at $2,047,988.80. The trade was a 2.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 10.22% of the company’s stock.

New Mountain Finance 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.