BidaskClub downgraded shares of New Mountain Finance Corp. (NYSE:NMFC) from a hold rating to a sell rating in a research report sent to investors on Sunday morning.

Several other equities analysts have also commented on the company. Zacks Investment Research raised New Mountain Finance Corp. from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Wednesday. Keefe, Bruyette & Woods set a $15.00 price target on New Mountain Finance Corp. and gave the company a hold rating in a research note on Wednesday, May 31st.

New Mountain Finance Corp. (NYSE NMFC) traded up 0.35% during mid-day trading on Friday, reaching $14.40. The company’s stock had a trading volume of 302,070 shares. The firm’s 50 day moving average price is $14.55 and its 200 day moving average price is $14.54. New Mountain Finance Corp. has a 12-month low of $13.05 and a 12-month high of $15.00.

New Mountain Finance Corp. (NYSE:NMFC) last announced its quarterly earnings results on Monday, May 8th. The investment management company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. New Mountain Finance Corp. had a return on equity of 12.94% and a net margin of 70.24%. The business had revenue of $43.31 million for the quarter, compared to analyst estimates of $44.09 million. Equities analysts forecast that New Mountain Finance Corp. will post $1.36 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend was Wednesday, June 14th. New Mountain Finance Corp.’s dividend payout ratio (DPR) is presently 72.73%.

In other news, Director David Ogens bought 3,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $14.37 per share, with a total value of $51,732.00. Following the purchase, the director now owns 49,654 shares in the company, valued at $713,527.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shiraz Kajee bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were purchased at an average cost of $14.63 per share, for a total transaction of $29,260.00. Following the purchase, the chief financial officer now owns 2,000 shares in the company, valued at approximately $29,260. The disclosure for this purchase can be found here. Corporate insiders own 9.73% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Allianz Asset Management AG purchased a new position in New Mountain Finance Corp. during the fourth quarter valued at about $147,000. Ladenburg Thalmann Financial Services Inc. raised its position in New Mountain Finance Corp. by 5.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,030 shares of the investment management company’s stock valued at $212,000 after buying an additional 751 shares during the last quarter. Norges Bank purchased a new position in New Mountain Finance Corp. during the fourth quarter valued at about $1,693,000. Sigma Planning Corp raised its position in New Mountain Finance Corp. by 11.9% in the first quarter. Sigma Planning Corp now owns 76,845 shares of the investment management company’s stock valued at $1,145,000 after buying an additional 8,191 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in New Mountain Finance Corp. by 3.6% in the first quarter. Janney Montgomery Scott LLC now owns 235,679 shares of the investment management company’s stock valued at $3,512,000 after buying an additional 8,185 shares during the last quarter. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

About New Mountain Finance Corp.

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.

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