Jane Street Group LLC Acquires 72,944 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

Jane Street Group LLC lifted its stake in New Mountain Finance Co. (NASDAQ:NMFC) by 232.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,285 shares of the company’s stock after buying an additional 72,944 shares during the period. Jane Street Group LLC owned approximately 0.10% of New Mountain Finance worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in shares of New Mountain Finance in the fourth quarter valued at approximately $114,000. MQS Management LLC bought a new stake in New Mountain Finance during the fourth quarter worth about $123,000. Larson Financial Group LLC lifted its position in 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 purchasing an additional 10,727 shares during the period. New World Advisors LLC bought a new stake in New Mountain Finance during the fourth quarter worth about $147,000. Finally, XTX Topco Ltd bought a new stake in New Mountain Finance during the fourth quarter worth about $148,000. 32.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of New Mountain Finance from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Finally, B. Riley assumed coverage on New Mountain Finance in a research note on Tuesday, May 13th. They set a “neutral” rating and a $11.00 target price for the company.

New Mountain Finance Price Performance

NASDAQ NMFC opened at $10.84 on Wednesday. The business has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $11.07. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.23 and a quick ratio of 2.23. New Mountain Finance Co. has a fifty-two week low of $8.84 and a fifty-two week high of $12.65. The stock has a market capitalization of $1.17 billion, a PE ratio of 10.32 and a beta of 0.85.

New Mountain Finance (NASDAQ:NMFC) last posted its earnings results on Monday, May 5th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $85.66 million during the quarter, compared to analysts’ expectations of $86.65 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Equities analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.28 dividend on an annualized basis and a yield of 11.81%. New Mountain Finance’s dividend payout ratio (DPR) is presently 128.00%.

Insider Activity at New Mountain Finance

In other New Mountain Finance news, Director David Ogens acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $11.44 per share, for a total transaction of $57,200.00. Following the acquisition, the director now directly owns 179,020 shares in the company, valued at $2,047,988.80. This represents a 2.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.71% of the stock is owned by company insiders.

New Mountain Finance 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.