Fox Run Management L.L.C. Makes New $114,000 Investment in New Mountain Finance Co. (NASDAQ:NMFC)

Fox Run Management L.L.C. purchased a new position in New Mountain Finance Co. (NASDAQ:NMFC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,106 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets bought a new stake in New Mountain Finance during the 3rd quarter worth approximately $26,000. MQS Management LLC acquired a new position in shares of New Mountain Finance in the fourth quarter valued at approximately $123,000. Larson Financial Group LLC increased its position in shares of New Mountain Finance by 4,746.5% during the fourth quarter. Larson Financial Group LLC now owns 10,953 shares of the company’s stock worth $123,000 after acquiring an additional 10,727 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of New Mountain Finance during the third quarter worth $129,000. Finally, Centiva Capital LP bought a new stake in New Mountain Finance in the 3rd quarter valued at $130,000. Institutional investors and hedge funds own 32.08% of the company’s stock.

New Mountain Finance Price Performance

NMFC stock opened at $11.07 on Friday. The stock has a 50-day moving average price of $11.48 and a two-hundred day moving average price of $11.53. New Mountain Finance Co. has a 1 year low of $10.62 and a 1 year high of $12.81. The stock has a market cap of $1.19 billion, a PE ratio of 10.54 and a beta of 1.16. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $92.89 million for the quarter, compared to the consensus estimate of $93.23 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. Equities analysts forecast that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date of this dividend is Monday, March 17th. New Mountain Finance’s dividend payout ratio is presently 123.08%.

Insider Buying and Selling

In other New Mountain Finance news, Director David Ogens purchased 5,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $11.44 per share, with a total value of $57,200.00. Following the transaction, the director now directly owns 179,020 shares of the company’s stock, valued at $2,047,988.80. This represents a 2.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.22% of the stock is currently owned by corporate 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.