18,488 Shares in New Mountain Finance Co. (NASDAQ:NMFC) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in New Mountain Finance Co. (NASDAQ:NMFC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,488 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of New Mountain Finance in the 3rd quarter valued at $26,000. Quantbot Technologies LP acquired a new position in New Mountain Finance in the third quarter valued at $129,000. Centiva Capital LP purchased a new stake in shares of New Mountain Finance in the third quarter valued at about $130,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of New Mountain Finance during the third quarter worth about $168,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of New Mountain Finance during the third quarter worth about $169,000. 32.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 note on Tuesday, October 29th.

Insider Transactions at New Mountain Finance

In other news, Director Steven B. Klinsky purchased 72,280 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $11.28 per share, with a total value of $815,318.40. Following the completion of the acquisition, the director now directly 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 filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders bought 132,371 shares of company stock worth $1,512,829. Company insiders own 10.22% of the company’s stock.

New Mountain Finance Price Performance

Shares of NASDAQ NMFC opened at $11.83 on Thursday. The stock has a fifty day moving average price of $11.42 and a 200 day moving average price of $11.70. New Mountain Finance Co. has a 1-year low of $10.61 and a 1-year high of $13.01. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market cap of $1.28 billion, a PE ratio of 11.27 and a beta of 1.15.

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.