New Mountain Finance Co. (NASDAQ:NMFC) Shares Purchased by GraniteShares Advisors LLC

GraniteShares Advisors LLC lifted its holdings in New Mountain Finance Co. (NASDAQ:NMFC) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,414 shares of the company’s stock after purchasing an additional 38,786 shares during the period. GraniteShares Advisors LLC owned about 0.20% of New Mountain Finance worth $2,459,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its holdings in shares of New Mountain Finance by 2.7% in the third quarter. Cerity Partners LLC now owns 3,823,925 shares of the company’s stock worth $45,811,000 after buying an additional 100,315 shares during the period. HighTower Advisors LLC lifted its stake in New Mountain Finance by 7.6% in the third quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company’s stock valued at $40,438,000 after acquiring an additional 237,594 shares during the last quarter. Van ECK Associates Corp raised its position in shares of New Mountain Finance by 4.1% in the fourth quarter. Van ECK Associates Corp now owns 2,342,650 shares of the company’s stock valued at $26,378,000 after purchasing an additional 93,329 shares during the period. JPMorgan Chase & Co. raised its position in shares of New Mountain Finance by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,258,842 shares of the company’s stock valued at $15,081,000 after purchasing an additional 15,988 shares during the period. Finally, Confluence Investment Management LLC raised 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 purchasing an additional 1,472 shares during the period. Institutional investors and hedge funds own 32.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven B. Klinsky bought 72,280 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of $11.28 per share, with a total value of $815,318.40. Following the completion of the transaction, the director now owns 4,285,505 shares of the company’s stock, valued at $48,340,496.40. The trade was a 1.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 95,104 shares of company stock valued at $1,083,334. 10.34% of the stock is owned by company insiders.

New Mountain Finance Trading Up 0.2 %

Shares of NMFC stock opened at $11.96 on Wednesday. New Mountain Finance Co. has a 1 year low of $10.61 and a 1 year high of $13.01. The firm’s fifty day simple moving average is $11.45 and its 200 day simple moving average is $11.68. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.39 and a beta of 1.15. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their target price on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

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.