Corient Private Wealth LLC Buys 6,812 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

Corient Private Wealth LLC raised its stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) by 57.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,723 shares of the company’s stock after purchasing an additional 6,812 shares during the period. Corient Private Wealth LLC’s holdings in New Mountain Finance were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NMFC. Inspire Investing LLC increased its position in New Mountain Finance by 3.5% in the fourth quarter. Inspire Investing LLC now owns 35,455 shares of the company’s stock worth $399,000 after purchasing an additional 1,188 shares during the last quarter. Confluence Investment Management LLC lifted its position in New Mountain Finance by 0.3% during the fourth 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 last quarter. BNP Paribas Financial Markets purchased a new position in shares of New Mountain Finance in the 3rd quarter worth $26,000. Stifel Financial Corp increased its holdings in shares of New Mountain Finance by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 47,138 shares of the company’s stock worth $565,000 after buying an additional 2,389 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of New Mountain Finance by 13.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 31,174 shares of the company’s stock valued at $351,000 after buying an additional 3,708 shares in the last quarter. Hedge funds and other institutional investors own 32.08% of the company’s stock.

New Mountain Finance Stock Up 0.5 %

Shares of NASDAQ:NMFC opened at $11.09 on Wednesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.56 and a beta of 1.16. New Mountain Finance Co. has a 12 month low of $10.62 and a 12 month high of $12.81. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The company has a 50-day moving average price of $11.47 and a 200 day moving average price of $11.50.

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

New Mountain Finance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.28 dividend on an annualized basis and a yield of 11.54%. New Mountain Finance’s dividend payout ratio is presently 123.08%.

Insiders Place Their Bets

In other news, Director David Ogens bought 5,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.22% of the stock is owned by insiders.

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.