Dorsey & Whitney Trust CO LLC Buys New Shares in New Mountain Finance Co. (NASDAQ:NMFC)

Dorsey & Whitney Trust CO LLC bought a new stake in New Mountain Finance Co. (NASDAQ:NMFC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 135,462 shares of the company’s stock, valued at approximately $1,525,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NMFC. Cerity Partners LLC boosted its holdings in shares of New Mountain Finance by 2.7% during the third quarter. Cerity Partners LLC now owns 3,823,925 shares of the company’s stock worth $45,811,000 after acquiring an additional 100,315 shares during the period. HighTower Advisors LLC raised its position in shares of New Mountain Finance by 7.6% in the third quarter. HighTower Advisors LLC now owns 3,376,702 shares of the company’s stock valued at $40,438,000 after buying an additional 237,594 shares in the last quarter. Van ECK Associates Corp raised its position in shares of New Mountain Finance by 4.1% in the fourth quarter. Van ECK Associates Corp now owns 2,342,650 shares of the company’s stock valued at $26,378,000 after buying an additional 93,329 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of New Mountain Finance by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,258,842 shares of the company’s stock valued at $15,081,000 after buying an additional 15,988 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of New Mountain Finance by 0.3% in the fourth quarter. Confluence Investment Management LLC now owns 429,806 shares of the company’s stock valued at $4,840,000 after buying an additional 1,472 shares in the last quarter. 32.08% of the stock is owned by institutional investors.

New Mountain Finance Stock Up 1.1 %

NASDAQ NMFC opened at $11.38 on Friday. 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 Co. has a 1-year low of $10.61 and a 1-year high of $13.01. The company has a 50 day moving average of $11.50 and a 200-day moving average of $11.65. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 10.84 and a beta of 1.16.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business had revenue of $92.89 million during the quarter, compared to analyst estimates of $93.23 million. On average, equities research analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

New Mountain Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, March 17th. This represents a $1.28 annualized dividend and a yield of 11.25%. New Mountain Finance’s dividend payout ratio is currently 123.08%.

Insider Buying and Selling at New Mountain Finance

In other news, Director David Ogens acquired 5,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $11.44 per share, for a total transaction of $57,200.00. Following the completion of the transaction, the director now directly owns 179,020 shares in the company, valued at approximately $2,047,988.80. This trade represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven B. Klinsky purchased 72,280 shares of the stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $48,340,496.40. This represents a 1.72 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 10.22% of the company’s stock.

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.