Monument Capital Management Grows Position in New Mountain Finance Corp. (NYSE:NMFC)

Monument Capital Management increased its position in shares of New Mountain Finance Corp. (NYSE:NMFC) by 2.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,612 shares of the investment management company’s stock after buying an additional 2,008 shares during the quarter. Monument Capital Management’s holdings in New Mountain Finance were worth $1,262,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Round Table Services LLC grew its stake in New Mountain Finance by 5.7% during the 3rd quarter. Round Table Services LLC now owns 1,620,931 shares of the investment management company’s stock worth $22,093,000 after buying an additional 87,147 shares during the last quarter. Dimension Capital Management LLC raised its holdings in New Mountain Finance by 43.4% during the second quarter. Dimension Capital Management LLC now owns 1,570,752 shares of the investment management company’s stock worth $21,947,000 after purchasing an additional 475,629 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of New Mountain Finance by 5.2% in the second quarter. Bank of Montreal Can now owns 794,000 shares of the investment management company’s stock worth $11,092,000 after acquiring an additional 39,000 shares during the last quarter. UBS Group AG raised its holdings in shares of New Mountain Finance by 5.1% in the second quarter. UBS Group AG now owns 707,839 shares of the investment management company’s stock worth $9,889,000 after acquiring an additional 34,210 shares during the last quarter. Finally, Cliffwater LLC raised its holdings in shares of New Mountain Finance by 10.1% in the second quarter. Cliffwater LLC now owns 689,954 shares of the investment management company’s stock worth $9,639,000 after acquiring an additional 63,537 shares during the last quarter. Hedge funds and other institutional investors own 34.82% of the company’s stock.

Shares of NMFC stock traded down $0.04 on Monday, hitting $13.51. The stock had a trading volume of 429,321 shares, compared to its average volume of 409,079. New Mountain Finance Corp. has a twelve month low of $12.06 and a twelve month high of $14.38. The firm has a market cap of $1.19 billion, a P/E ratio of 9.79 and a beta of 0.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.47. The company has a fifty day moving average price of $13.50 and a two-hundred day moving average price of $13.77.

New Mountain Finance (NYSE:NMFC) last announced its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $66.47 million during the quarter, compared to analyst estimates of $64.98 million. New Mountain Finance had a net margin of 36.54% and a return on equity of 10.47%. On average, analysts expect that New Mountain Finance Corp. will post 1.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date was Thursday, September 12th. New Mountain Finance’s dividend payout ratio (DPR) is presently 98.55%.

In other news, COO John Kline acquired 7,500 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $13.52 per share, for a total transaction of $101,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Adam Weinstein acquired 9,350 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $13.34 per share, for a total transaction of $124,729.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 22,200 shares of company stock valued at $297,792. 10.46% of the stock is currently owned by insiders.

NMFC has been the topic of several research reports. Zacks Investment Research cut New Mountain Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. ValuEngine raised shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

About New Mountain Finance

New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation.

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Institutional Ownership by Quarter for New Mountain Finance (NYSE:NMFC)

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