LSV Asset Management Sells 129,600 Shares of New Mountain Finance Corporation $NMFC

LSV Asset Management reduced its stake in shares of New Mountain Finance Corporation (NASDAQ:NMFC) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,633,656 shares of the company’s stock after selling 129,600 shares during the period. LSV Asset Management owned approximately 2.48% of New Mountain Finance worth $25,388,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Dimension Capital Management LLC lifted its stake in New Mountain Finance by 17.0% in the 2nd quarter. Dimension Capital Management LLC now owns 950,072 shares of the company’s stock valued at $10,023,000 after acquiring an additional 138,123 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in New Mountain Finance by 68.5% during the second quarter. Transcend Capital Advisors LLC now owns 714,104 shares of the company’s stock worth $7,534,000 after purchasing an additional 290,320 shares during the period. Millennium Management LLC grew its stake in New Mountain Finance by 36.9% in the 1st quarter. Millennium Management LLC now owns 711,050 shares of the company’s stock valued at $7,843,000 after buying an additional 191,518 shares during the last quarter. Muzinich & Co. Inc. grew its position in shares of New Mountain Finance by 16.6% in the third quarter. Muzinich & Co. Inc. now owns 671,056 shares of the company’s stock valued at $6,469,000 after purchasing an additional 95,582 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in New Mountain Finance by 18.1% in the 2nd quarter. Franklin Resources Inc. now owns 643,433 shares of the company’s stock valued at $6,788,000 after buying an additional 98,603 shares in the last quarter. 32.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NMFC shares. B. Riley Financial restated a “neutral” rating and set a $10.00 target price (down previously from $11.00) on shares of New Mountain Finance in a research report on Wednesday, November 5th. Zacks Research upgraded New Mountain Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Keefe, Bruyette & Woods decreased their price target on shares of New Mountain Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of New Mountain Finance in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $10.17.

New Mountain Finance Stock Down 1.2%

NASDAQ:NMFC opened at $8.32 on Friday. New Mountain Finance Corporation has a one year low of $7.91 and a one year high of $12.05. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market cap of $858.29 million, a PE ratio of 12.80 and a beta of 0.58. The firm’s 50 day simple moving average is $9.02 and its 200 day simple moving average is $9.56.

About New Mountain Finance

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.