Midwest Professional Planners LTD. Boosts Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

Midwest Professional Planners LTD. lifted its stake in New Mountain Finance Co. (NASDAQ:NMFC) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,833 shares of the company’s stock after purchasing an additional 8,650 shares during the quarter. Midwest Professional Planners LTD. owned 0.13% of New Mountain Finance worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Cerity Partners LLC raised its position in New Mountain Finance by 2.7% in the 3rd 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 last quarter. HighTower Advisors LLC lifted its stake in New Mountain Finance by 7.6% during the 3rd 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 period. Van ECK Associates Corp lifted its stake in New Mountain Finance by 4.1% during the 4th quarter. Van ECK Associates Corp now owns 2,342,650 shares of the company’s stock valued at $26,378,000 after acquiring an additional 93,329 shares during the period. JPMorgan Chase & Co. lifted its stake in New Mountain Finance by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,258,842 shares of the company’s stock valued at $15,081,000 after acquiring an additional 15,988 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in New Mountain Finance by 0.3% during the 4th quarter. Confluence Investment Management LLC now owns 429,806 shares of the company’s stock valued at $4,840,000 after acquiring an additional 1,472 shares during the period. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Insider Activity

In other news, Director David Ogens bought 5,000 shares of New Mountain Finance stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $11.44 per share, with a total value of $57,200.00. Following the acquisition, the director now owns 179,020 shares of the company’s stock, valued at $2,047,988.80. The trade was a 2.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven B. Klinsky bought 72,280 shares of New Mountain Finance stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $11.28 per share, with a total value of $815,318.40. Following the completion of the acquisition, the director now directly owns 4,285,505 shares in the company, valued at $48,340,496.40. This represents a 1.72 % increase in their position. The disclosure for this purchase can be found here. Insiders own 10.22% of the company’s stock.

New Mountain Finance Price Performance

NMFC opened at $10.99 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $1.19 billion, a P/E ratio of 10.47 and a beta of 1.16. The company’s 50-day simple moving average is $11.48 and its two-hundred day simple moving average is $11.62. New Mountain Finance Co. has a 52-week low of $10.61 and a 52-week high of $12.81.

New Mountain Finance (NASDAQ:NMFC) last posted its 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 company had revenue of $92.89 million for the quarter, compared to the consensus estimate of $93.23 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. As a group, analysts predict that New Mountain Finance Co. will post 1.39 EPS for the current year.

New Mountain Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 11.65%. The ex-dividend date is Monday, March 17th. New Mountain Finance’s payout ratio is currently 123.08%.

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.