International Belongings Expenditure Management LLC boosted its situation in New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) by 12.1% through the fourth quarter, according to the corporation in its most recent Type 13F filing with the Securities & Trade Commission. The fund owned 39,951 shares of the company’s inventory following getting an extra 4,325 shares all through the quarter. International Belongings Investment decision Management LLC’s holdings in New Mountain Finance had been really worth $547,000 as of its most recent filing with the Securities & Trade Fee.
A quantity of other institutional investors and hedge resources have also not too long ago included to or reduced their stakes in NMFC. Ares Management LLC increased its stake in New Mountain Finance by 74.5% in the third quarter. Ares Management LLC now owns 609,420 shares of the company’s stock valued at $8,111,000 after buying an further 260,084 shares through the final quarter. Two Sigma Investments LP amplified its stake in New Mountain Finance by 100.5% in the third quarter. Two Sigma Investments LP now owns 378,121 shares of the company’s stock valued at $5,033,000 after obtaining an extra 189,566 shares during the previous quarter. Invesco Ltd. grew its stake in shares of New Mountain Finance by 14.4% for the duration of the 2nd quarter. Invesco Ltd. now owns 1,371,343 shares of the company’s stock valued at $18,061,000 soon after purchasing an more 172,262 shares through the final quarter. Valeo Financial Advisors LLC acquired a new position in shares of New Mountain Finance through the 3rd quarter valued at about $975,000. Finally, Round Table Companies LLC grew its stake in shares of New Mountain Finance by 2.4% all through the third quarter. Round Table Products and services LLC now owns 2,634,108 shares of the company’s inventory valued at $35,060,000 right after purchasing an extra 60,595 shares during the last quarter. 34.75% of the inventory is presently owned by institutional investors and hedge money.
Shares of New Mountain Finance inventory traded up $.31 all through buying and selling on Monday, reaching $13.71. 11,732 shares of the stock ended up exchanged, in contrast to its regular quantity of 329,781. The enterprise has a fast ratio of 2.04, a existing ratio of 2.04 and a personal debt-to-equity ratio of 1.42. The stock’s fifty day shifting regular is $13.48 and its 200 day transferring normal is $13.55. The firm has a sector cap of $1.33 billion, a price tag-to-earnings ratio of 7.02 and a beta of 1.29. New Mountain Finance Co. has a 1 yr lower of $12.24 and a 1 year superior of $14.11.
New Mountain Finance (NASDAQ:NMFC – Get Ranking) very last posted its earnings final results on Monday, February 28th. The enterprise documented $.23 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $.30 by ($.07). New Mountain Finance had a return on fairness of 9.14% and a net margin of 74.33%. Throughout the exact same quarter in the previous year, the company acquired $.30 EPS. Equities analysts forecast that New Mountain Finance Co. will put up 1.22 earnings for every share for the recent calendar year.
The corporation also not long ago introduced a quarterly dividend, which will be paid out on Thursday, March 31st. Stockholders of report on Thursday, March 17th will be issued a dividend of $.30 per share. The ex-dividend day of this dividend is Wednesday, March 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.75%. New Mountain Finance’s dividend payout ratio is at this time 62.83%.
NMFC has been the subject of a variety of modern exploration reviews. Janney Montgomery Scott initiated protection on New Mountain Finance in a analysis observe on Monday, February 7th. They set a “buy” score on the stock. Zacks Investment Exploration cut New Mountain Finance from a “buy” ranking to a “hold” ranking in a analysis note on Wednesday, January 5th.
New Mountain Finance Corporation Profile (Get Ranking)
New Mountain Finance Company is a small business advancement firm that specializes in investments in center current market companies and debt securities. The company invests in a variety of industries that involves program, training, organization products and services, distribution and logistics, federal companies, healthcare providers and merchandise, health care services, and additional.
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