New Mountain Finance Corp. (NYSE:NMFC) is Round Table Services LLC’s 4th Largest Position

Round Table Services LLC lifted its position in shares of New Mountain Finance Corp. (NYSE:NMFC) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,461,834 shares of the investment management company’s stock after purchasing an additional 1,170 shares during the period. New Mountain Finance accounts for approximately 6.8% of Round Table Services LLC’s portfolio, making the stock its 4th largest position. Round Table Services LLC owned 1.82% of New Mountain Finance worth $19,837,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NMFC. LSV Asset Management increased its stake in shares of New Mountain Finance by 32.2% during the fourth quarter. LSV Asset Management now owns 2,065,171 shares of the investment management company’s stock valued at $25,979,000 after purchasing an additional 502,561 shares in the last quarter. Dimension Capital Management LLC increased its position in shares of New Mountain Finance by 34.9% during the fourth quarter. Dimension Capital Management LLC now owns 844,631 shares of the investment management company’s stock valued at $10,411,000 after acquiring an additional 218,430 shares in the last quarter. Cliffwater LLC increased its position in shares of New Mountain Finance by 42.4% during the fourth quarter. Cliffwater LLC now owns 772,080 shares of the investment management company’s stock valued at $9,713,000 after acquiring an additional 229,714 shares in the last quarter. Credit Suisse AG increased its position in shares of New Mountain Finance by 4.0% during the third quarter. Credit Suisse AG now owns 407,635 shares of the investment management company’s stock valued at $5,503,000 after acquiring an additional 15,627 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of New Mountain Finance by 14.8% during the fourth quarter. Legal & General Group Plc now owns 348,288 shares of the investment management company’s stock valued at $4,394,000 after acquiring an additional 44,878 shares in the last quarter. Institutional investors own 33.87% of the company’s stock.

Shares of NYSE NMFC opened at $14.11 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.22 and a beta of 0.61. New Mountain Finance Corp. has a 52-week low of $12.06 and a 52-week high of $14.30.

New Mountain Finance (NYSE:NMFC) last announced its quarterly earnings results on Wednesday, February 27th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. New Mountain Finance had a net margin of 31.26% and a return on equity of 10.33%. The company had revenue of $63.51 million for the quarter, compared to the consensus estimate of $60.02 million. On average, equities analysts forecast that New Mountain Finance Corp. will post 1.41 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of New Mountain Finance from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. TheStreet upgraded shares of New Mountain Finance from a “c” rating to a “b-” rating in a research note on Friday, March 1st.

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New Mountain Finance 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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