Hillsdale Investment Management Inc. Invests $40,000 in New Mountain Finance Co. (NASDAQ:NMFC)

Hillsdale Investment Management Inc. purchased a new stake in New Mountain Finance Co. (NASDAQ:NMFC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,140 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NMFC. Morton Brown Family Wealth LLC bought a new position in New Mountain Finance in the 4th quarter valued at approximately $35,000. Beaumont Financial Advisors LLC acquired a new position in shares of New Mountain Finance during the 4th quarter valued at $130,000. ProShare Advisors LLC increased its stake in New Mountain Finance by 16.0% in the first quarter. ProShare Advisors LLC now owns 13,035 shares of the company’s stock valued at $165,000 after purchasing an additional 1,800 shares in the last quarter. Virtu Financial LLC bought a new stake in New Mountain Finance in the 4th quarter valued at about $181,000. Finally, Csenge Advisory Group acquired a new position in shares of New Mountain Finance during the first quarter worth approximately $227,000. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Stock Up 1.4 %

NMFC stock traded up $0.17 during midday trading on Monday, reaching $12.41. 329,767 shares of the company’s stock traded hands, compared to its average volume of 416,268. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm’s fifty day moving average price is $12.42 and its 200-day moving average price is $12.59. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 11.18 and a beta of 1.15. New Mountain Finance Co. has a 52 week low of $12.12 and a 52 week high of $13.23.

New Mountain Finance (NASDAQ:NMFC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02). New Mountain Finance had a return on equity of 11.80% and a net margin of 31.67%. The company had revenue of $90.56 million for the quarter, compared to the consensus estimate of $90.08 million. During the same quarter last year, the company posted $0.38 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that New Mountain Finance Co. will post 1.43 earnings per share for the current fiscal year.

Insider Activity at New Mountain Finance

In other New Mountain Finance news, Director David Ogens purchased 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $12.62 per share, with a total value of $44,170.00. Following the completion of the transaction, the director now owns 166,391 shares of the company’s stock, valued at approximately $2,099,854.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.22% of the stock is owned by insiders.

New Mountain Finance Company 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.