CWA Asset Management Group LLC reduced its holdings in shares of New Mountain Finance Corporation (NYSE:NMFC) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,350 shares of the investment management company’s stock after selling 1,000 shares during the quarter. CWA Asset Management Group LLC’s holdings in New Mountain Finance Corporation were worth $252,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Summit Global Investments acquired a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth about $499,000. Bard Associates Inc. acquired a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth about $239,000. Capital Fund Management S.A. boosted its position in shares of New Mountain Finance Corporation by 94.3% during the 2nd quarter. Capital Fund Management S.A. now owns 96,938 shares of the investment management company’s stock worth $1,410,000 after acquiring an additional 47,038 shares in the last quarter. Financial Counselors Inc. acquired a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth about $155,000. Finally, Alliancebernstein L.P. acquired a new position in shares of New Mountain Finance Corporation during the 2nd quarter worth about $160,000. 40.80% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently issued reports on NMFC. Zacks Investment Research raised New Mountain Finance Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. BidaskClub cut New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price objective on shares of New Mountain Finance Corporation in a research report on Tuesday, July 25th.

New Mountain Finance Corporation (NYSE NMFC) traded down 1.07% during mid-day trading on Wednesday, hitting $13.90. The stock had a trading volume of 132,791 shares. The company has a 50-day moving average of $14.27 and a 200-day moving average of $14.53. New Mountain Finance Corporation has a 12-month low of $13.05 and a 12-month high of $15.00.

New Mountain Finance Corporation (NYSE:NMFC) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $50.02 million during the quarter, compared to the consensus estimate of $47.66 million. New Mountain Finance Corporation had a return on equity of 10.15% and a net margin of 65.22%. Equities research analysts predict that New Mountain Finance Corporation will post $1.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.36 dividend on an annualized basis and a yield of 9.68%. New Mountain Finance Corporation’s dividend payout ratio (DPR) is 86.62%.

New Mountain Finance Corporation Company Profile

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.

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

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