New Mountain Finance Corporation (NMFC) Shares Sold by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC trimmed its position in shares of New Mountain Finance Corporation (NYSE:NMFC) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,229 shares of the investment management company’s stock after selling 6,651 shares during the quarter. Janney Montgomery Scott LLC owned 0.31% of New Mountain Finance worth $3,338,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Airain ltd acquired a new stake in New Mountain Finance in the 2nd quarter valued at about $149,000. Cetera Investment Advisers acquired a new stake in New Mountain Finance in the 2nd quarter valued at about $153,000. Financial Counselors Inc. acquired a new stake in New Mountain Finance in the 2nd quarter valued at about $155,000. Alliancebernstein L.P. acquired a new stake in New Mountain Finance in the 2nd quarter valued at about $160,000. Finally, OxFORD Asset Management LLP acquired a new stake in New Mountain Finance in the 3rd quarter valued at about $161,000. Institutional investors own 39.48% of the company’s stock.
New Mountain Finance Corporation (NYSE NMFC) traded up $0.10 during mid-day trading on Friday, reaching $13.85. The company’s stock had a trading volume of 546,346 shares, compared to its average volume of 310,302. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1,042.32, a price-to-earnings ratio of 10.19 and a beta of 0.59. New Mountain Finance Corporation has a 52 week low of $13.55 and a 52 week high of $15.00.
In other New Mountain Finance news, COO John Kline bought 7,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of $14.15 per share, with a total value of $106,125.00. Following the transaction, the chief operating officer now owns 42,684 shares of the company’s stock, valued at $603,978.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Shiraz Kajee bought 2,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $14.08 per share, for a total transaction of $28,160.00. Following the transaction, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $56,320. The disclosure for this purchase can be found here. Insiders have bought a total of 23,100 shares of company stock worth $327,278 in the last three months. Corporate insiders own 9.73% of the company’s stock.
NMFC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price target on shares of New Mountain Finance in a research report on Thursday, August 31st. BidaskClub lowered New Mountain Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Finally, ValuEngine raised New Mountain Finance from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th.
New Mountain Finance Company 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.
Want to see what other hedge funds are holding NMFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Mountain Finance Corporation (NYSE:NMFC).
Receive News & Ratings for New Mountain Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Mountain Finance and related companies with MarketBeat.com's FREE daily email newsletter.