Wambolt & Associates LLC Invests $194,000 in New Mountain Finance Corp. (NMFC) Stock

Wambolt & Associates LLC acquired a new stake in New Mountain Finance Corp. (NYSE:NMFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,430 shares of the investment management company’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NMFC. Rothschild Investment Corp IL boosted its position in shares of New Mountain Finance by 49.2% in the 4th quarter. Rothschild Investment Corp IL now owns 50,044 shares of the investment management company’s stock valued at $630,000 after purchasing an additional 16,500 shares during the period. IFP Advisors Inc boosted its position in New Mountain Finance by 39.5% during the 4th quarter. IFP Advisors Inc now owns 12,856 shares of the investment management company’s stock worth $163,000 after acquiring an additional 3,642 shares during the period. Monument Capital Management boosted its position in New Mountain Finance by 5.6% during the 4th quarter. Monument Capital Management now owns 92,171 shares of the investment management company’s stock worth $1,160,000 after acquiring an additional 4,859 shares during the period. Marshall Wace LLP acquired a new stake in New Mountain Finance during the 3rd quarter worth about $386,000. Finally, AJ Wealth Strategies LLC acquired a new stake in New Mountain Finance during the 3rd quarter worth about $180,000. 36.03% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NMFC opened at $13.70 on Thursday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.62 and a beta of 0.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.65 and a current ratio of 1.65. New Mountain Finance Corp. has a 12-month low of $12.06 and a 12-month high of $14.30.

In other news, insider John Kline acquired 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were bought at an average price of $12.69 per share, with a total value of $215,730.00. Following the acquisition, the insider now directly owns 102,304 shares in the company, valued at approximately $1,298,237.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven B. Klinsky acquired 181,805 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average cost of $12.52 per share, for a total transaction of $2,276,198.60. Following the acquisition, the director now owns 56,009 shares in the company, valued at $701,232.68. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 231,505 shares of company stock worth $2,918,803. 10.27% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on NMFC. Zacks Investment Research downgraded New Mountain Finance from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. TheStreet downgraded New Mountain Finance from a “b-” rating to a “c” rating in a research note on Friday, November 9th. Finally, ValuEngine raised New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. New Mountain Finance has an average rating of “Hold” and an average target price of $14.67.

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New Mountain Finance Company Profile

New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation.

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

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