Global X MANAGEMENT CO LLC boosted its stake in New Mountain Finance Corporation (NYSE:NMFC) by 48.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,461 shares of the investment management company’s stock after purchasing an additional 4,404 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in New Mountain Finance Corporation were worth $192,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. grew its holdings in New Mountain Finance Corporation by 14.5% in the second quarter. Muzinich & Co. Inc. now owns 3,656,026 shares of the investment management company’s stock valued at $53,195,000 after purchasing an additional 462,290 shares during the period. LSV Asset Management grew its holdings in New Mountain Finance Corporation by 6.5% in the second quarter. LSV Asset Management now owns 1,706,726 shares of the investment management company’s stock valued at $24,832,000 after purchasing an additional 104,300 shares during the period. Round Table Services LLC grew its holdings in New Mountain Finance Corporation by 3.5% in the third quarter. Round Table Services LLC now owns 1,346,026 shares of the investment management company’s stock valued at $19,181,000 after purchasing an additional 45,628 shares during the period. Ares Management LLC grew its holdings in New Mountain Finance Corporation by 75.6% in the second quarter. Ares Management LLC now owns 734,130 shares of the investment management company’s stock valued at $10,681,000 after purchasing an additional 316,011 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in New Mountain Finance Corporation by 25.7% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 572,991 shares of the investment management company’s stock valued at $8,165,000 after buying an additional 117,223 shares in the last quarter. Hedge funds and other institutional investors own 40.78% of the company’s stock.

In related news, CFO Shiraz Kajee purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $14.08 per share, for a total transaction of $28,160.00. Following the completion of the purchase, the chief financial officer now owns 4,000 shares in the company, valued at $56,320. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.73% of the stock is currently owned by insiders.

New Mountain Finance Corporation (NMFC) opened at $14.20 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $1,070.00, a price-to-earnings ratio of 10.44 and a beta of 0.58. New Mountain Finance Corporation has a 12-month low of $13.40 and a 12-month high of $15.00.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be paid a $0.34 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.58%. New Mountain Finance Corporation’s dividend payout ratio (DPR) is presently 87.74%.

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A number of brokerages have weighed in on NMFC. ValuEngine raised shares of New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut shares of New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Finally, Zacks Investment Research cut shares of New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th.

New Mountain Finance Corporation Profile

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.

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Institutional Ownership by Quarter for New Mountain Finance Corporation (NYSE:NMFC)

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