Y Intercept Hong Kong Ltd Buys Shares of 103,921 New Mountain Finance Co. (NASDAQ:NMFC)

Y Intercept Hong Kong Ltd bought a new stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 103,921 shares of the company’s stock, valued at approximately $1,170,000. Y Intercept Hong Kong Ltd owned about 0.10% of New Mountain Finance at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in New Mountain Finance by 1,017.3% during the 3rd quarter. International Assets Investment Management LLC now owns 374,487 shares of the company’s stock valued at $4,486,000 after acquiring an additional 340,969 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of New Mountain Finance by 7.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company’s stock valued at $40,438,000 after purchasing an additional 237,594 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of New Mountain Finance during the third quarter worth about $2,608,000. Van ECK Associates Corp grew its stake in New Mountain Finance by 8.1% in the third quarter. Van ECK Associates Corp now owns 2,249,321 shares of the company’s stock worth $25,980,000 after purchasing an additional 168,719 shares in the last quarter. Finally, Rockingstone Advisors LLC grew its stake in New Mountain Finance by 79.1% in the fourth quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock worth $3,177,000 after purchasing an additional 124,599 shares in the last quarter. Institutional investors and hedge funds own 32.08% of the company’s stock.

Insider Transactions at New Mountain Finance

In other New Mountain Finance news, Director Steven B. Klinsky acquired 72,280 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $815,318.40. Following the completion of the purchase, the director now directly owns 4,285,505 shares in the company, valued at $48,340,496.40. The trade was a 1.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have acquired 95,104 shares of company stock worth $1,083,334. 10.34% of the stock is currently owned by insiders.

New Mountain Finance Trading Down 1.8 %

Shares of NASDAQ NMFC opened at $11.75 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average price is $11.46 and its two-hundred day moving average price is $11.68. New Mountain Finance Co. has a 52-week low of $10.61 and a 52-week high of $13.01. The stock has a market capitalization of $1.27 billion, a P/E ratio of 11.19 and a beta of 1.15.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings results 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 firm had revenue of $92.89 million for the quarter, compared to analyst estimates of $93.23 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. On average, analysts anticipate that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

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.