Captrust Financial Advisors Has $1.54 Million Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

Captrust Financial Advisors cut its stake in New Mountain Finance Co. (NASDAQ:NMFC) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 136,769 shares of the company’s stock after selling 3,945 shares during the quarter. Captrust Financial Advisors’ holdings in New Mountain Finance were worth $1,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NMFC. Franklin Resources Inc. acquired a new position in New Mountain Finance in the 3rd quarter worth $2,608,000. Rockingstone Advisors LLC boosted its stake in shares of New Mountain Finance by 79.1% during the 4th quarter. Rockingstone Advisors LLC now owns 282,107 shares of the company’s stock worth $3,177,000 after buying an additional 124,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of New Mountain Finance by 31.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 254,181 shares of the company’s stock worth $2,862,000 after buying an additional 60,732 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of New Mountain Finance by 3.5% during the 4th quarter. Inspire Investing LLC now owns 35,455 shares of the company’s stock worth $399,000 after buying an additional 1,188 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of New Mountain Finance during the 4th quarter worth about $309,000. 32.08% of the stock is owned by institutional investors and hedge funds.

New Mountain Finance Trading Up 0.7%

Shares of NASDAQ:NMFC opened at $10.76 on Wednesday. New Mountain Finance Co. has a 52-week low of $8.84 and a 52-week high of $12.65. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.25 and a beta of 0.85. The company has a 50-day simple moving average of $10.34 and a 200 day simple moving average of $11.09. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23.

New Mountain Finance (NASDAQ:NMFC) last issued its earnings results on Monday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The business had revenue of $85.66 million during the quarter, compared to the consensus estimate of $86.65 million. During the same period last year, the business posted $0.36 EPS. New Mountain Finance’s revenue was down 5.4% on a year-over-year basis. Sell-side analysts forecast that New Mountain Finance Co. will post 1.39 earnings per share for the current year.

New Mountain Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.28 annualized dividend and a yield of 11.90%. New Mountain Finance’s dividend payout ratio (DPR) is currently 128.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NMFC shares. Keefe, Bruyette & Woods reduced their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. B. Riley started coverage on shares of New Mountain Finance in a research note on Tuesday. They set a “neutral” rating and a $11.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on shares of New Mountain Finance from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th.

Insider Activity at New Mountain Finance

In related news, Director David Ogens acquired 5,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased 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 of the company’s stock, valued at approximately $2,047,988.80. The trade was a 2.87% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.71% of the stock is currently owned by company insiders.

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.