New Mountain Finance Corporation (NYSE:NMFC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.50 and last traded at $13.60, with a volume of 280500 shares. The stock had previously closed at $13.75.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance and gave the stock a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded shares of New Mountain Finance from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.

The company has a market capitalization of $1,020.00, a price-to-earnings ratio of 8.77 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.81.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a yield of 10.00%. New Mountain Finance’s dividend payout ratio (DPR) is presently 87.74%.

In other news, Director Kurt Wolfgruber acquired 3,000 shares of New Mountain Finance stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of $13.93 per share, for a total transaction of $41,790.00. Following the acquisition, the director now owns 42,905 shares of the company’s stock, valued at $597,666.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James Stone acquired 12,000 shares of New Mountain Finance stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $14.19 per share, for a total transaction of $170,280.00. Following the completion of the acquisition, the insider now directly owns 87,438 shares in the company, valued at approximately $1,240,745.22. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 26,100 shares of company stock worth $369,068. 9.73% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Green Square Capital LLC raised its holdings in shares of New Mountain Finance by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 25,414 shares of the investment management company’s stock valued at $370,000 after purchasing an additional 420 shares in the last quarter. BlueCrest Capital Management Ltd grew its position in shares of New Mountain Finance by 9.7% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 13,669 shares of the investment management company’s stock valued at $199,000 after buying an additional 1,203 shares during the last quarter. Stifel Financial Corp grew its position in shares of New Mountain Finance by 22.3% in the 2nd quarter. Stifel Financial Corp now owns 12,868 shares of the investment management company’s stock valued at $186,000 after buying an additional 2,343 shares during the last quarter. Global X MANAGEMENT CO LLC grew its position in shares of New Mountain Finance by 48.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 13,461 shares of the investment management company’s stock valued at $192,000 after buying an additional 4,404 shares during the last quarter. Finally, Magnetar Financial LLC grew its position in shares of New Mountain Finance by 7.3% in the 3rd quarter. Magnetar Financial LLC now owns 86,645 shares of the investment management company’s stock valued at $1,235,000 after buying an additional 5,905 shares during the last quarter. Institutional investors and hedge funds own 39.29% of the company’s stock.

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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.

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