Jane Street Group LLC Buys Shares of 31,341 New Mountain Finance Co. (NASDAQ:NMFC)

Jane Street Group LLC bought a new stake in shares of New Mountain Finance Co. (NASDAQ:NMFC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,341 shares of the company’s stock, valued at approximately $375,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in New Mountain Finance during the third quarter valued at about $26,000. Quarry LP raised its holdings in New Mountain Finance by 68.3% during the second quarter. Quarry LP now owns 3,307 shares of the company’s stock valued at $40,000 after buying an additional 1,342 shares in the last quarter. Clearstead Trust LLC bought a new position in New Mountain Finance during the second quarter valued at about $98,000. Quantbot Technologies LP bought a new position in New Mountain Finance during the third quarter valued at about $129,000. Finally, Centiva Capital LP bought a new position in New Mountain Finance during the third quarter valued at about $130,000. 32.08% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Steven B. Klinsky bought 34,867 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $11.51 per share, with a total value of $401,319.17. Following the completion of the transaction, the director now directly owns 4,056,324 shares in the company, valued at $46,688,289.24. This represents a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Kline bought 41,550 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average cost of $10.92 per share, for a total transaction of $453,726.00. Following the completion of the transaction, the chief executive officer now owns 351,783 shares of the company’s stock, valued at $3,841,470.36. This represents a 13.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 324,530 shares of company stock valued at $3,603,675. 10.22% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their target price on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

New Mountain Finance Trading Down 0.3 %

Shares of NASDAQ:NMFC opened at $11.00 on Thursday. The company has a market cap of $1.19 billion, a P/E ratio of 10.48 and a beta of 1.15. The stock’s 50-day moving average is $11.45 and its 200-day moving average is $11.86. New Mountain Finance Co. has a 52-week low of $10.61 and a 52-week high of $13.10. 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 quarterly earnings results on Wednesday, October 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $95.33 million during the quarter, compared to analyst estimates of $94.10 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. Equities research analysts predict that New Mountain Finance Co. will post 1.39 earnings per share for the current year.

New Mountain Finance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.33 dividend. This is an increase from New Mountain Finance’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 12.00%. The ex-dividend date of this dividend was Tuesday, December 17th. New Mountain Finance’s dividend payout ratio (DPR) is currently 121.90%.

About New Mountain Finance

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.