Farther Finance Advisors LLC Grows Stock Position in New Mountain Finance Co. (NASDAQ:NMFC)

Farther Finance Advisors LLC boosted its position in New Mountain Finance Co. (NASDAQ:NMFC) by 30.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,785 shares of the company’s stock after buying an additional 10,900 shares during the quarter. Farther Finance Advisors LLC’s holdings in New Mountain Finance were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Merit Financial Group LLC increased its position in New Mountain Finance by 0.4% in the first quarter. Merit Financial Group LLC now owns 260,572 shares of the company’s stock worth $2,874,000 after buying an additional 1,052 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of New Mountain Finance by 7.2% in the fourth quarter. Vise Technologies Inc. now owns 16,494 shares of the company’s stock worth $186,000 after acquiring an additional 1,110 shares during the period. Lido Advisors LLC boosted its holdings in shares of New Mountain Finance by 2.7% in the fourth quarter. Lido Advisors LLC now owns 45,557 shares of the company’s stock worth $513,000 after acquiring an additional 1,199 shares during the period. ProShare Advisors LLC boosted its holdings in shares of New Mountain Finance by 17.2% in the fourth quarter. ProShare Advisors LLC now owns 18,161 shares of the company’s stock worth $204,000 after acquiring an additional 2,664 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of New Mountain Finance by 13.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 31,174 shares of the company’s stock worth $351,000 after acquiring an additional 3,708 shares during the period. 32.08% of the stock is owned by hedge funds and other institutional investors.

New Mountain Finance Price Performance

NASDAQ:NMFC opened at $10.58 on Monday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.08 and a beta of 0.80. New Mountain Finance Co. has a 52-week low of $8.84 and a 52-week high of $12.55. The stock has a fifty day moving average of $10.27 and a 200 day moving average of $10.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $85.66 million during the quarter, compared to analyst estimates of $86.65 million. New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. On average, research analysts expect that New Mountain Finance Co. will post 1.39 EPS for the current fiscal year.

New Mountain Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 12.10%. The ex-dividend date of this dividend is Monday, June 16th. New Mountain Finance’s dividend payout ratio (DPR) is currently 128.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NMFC. B. Riley began coverage on New Mountain Finance in a report on Tuesday, May 13th. They issued a “neutral” rating and a $11.00 price target for the company. Keefe, Bruyette & Woods cut their price target on New Mountain Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on New Mountain Finance from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th.

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.