New Mountain Finance Co. (NASDAQ:NMFC) Shares Sold by Muzinich & Co. Inc.

Muzinich & Co. Inc. cut its holdings in New Mountain Finance Co. (NASDAQ:NMFC) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,248 shares of the company’s stock after selling 5,870 shares during the quarter. New Mountain Finance accounts for 2.4% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 11th largest position. Muzinich & Co. Inc. owned about 0.32% of New Mountain Finance worth $3,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of New Mountain Finance during the third quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new position in New Mountain Finance during the 3rd quarter valued at about $129,000. Centiva Capital LP acquired a new stake in shares of New Mountain Finance during the third quarter worth about $130,000. New World Advisors LLC purchased a new stake in New Mountain Finance during the 4th quarter worth approximately $147,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in New Mountain Finance during the 3rd quarter worth approximately $168,000. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Insider Buying and Selling

In other New Mountain Finance news, Director Steven B. Klinsky acquired 16,624 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $11.74 per share, with a total value of $195,165.76. Following the purchase, the director now owns 4,133,737 shares in the company, valued at approximately $48,530,072.38. The trade was a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 95,104 shares of company stock worth $1,083,334 in the last quarter. Company insiders own 10.34% of the company’s stock.

New Mountain Finance Price Performance

Shares of NASDAQ NMFC opened at $11.75 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.27 billion, a P/E ratio of 11.19 and a beta of 1.15. New Mountain Finance Co. has a twelve month low of $10.61 and a twelve month high of $13.01. The stock has a 50 day moving average of $11.46 and a two-hundred day moving average of $11.68.

New Mountain Finance (NASDAQ:NMFC) last issued its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The company had revenue of $92.89 million for the quarter, compared to analysts’ expectations of $93.23 million. On average, research analysts forecast that New Mountain Finance Co. will post 1.39 earnings per share for the current year.

New Mountain Finance Company 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.