Ameriprise Financial Inc. lifted its stake in shares of New Mountain Finance Corporation (NYSE:NMFC) by 54.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 24,191 shares of the investment management company’s stock after acquiring an additional 8,516 shares during the period. Ameriprise Financial Inc.’s holdings in New Mountain Finance Corporation were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment Corp IL lifted its stake in New Mountain Finance Corporation by 4.5% in the second quarter. Rothschild Investment Corp IL now owns 34,544 shares of the investment management company’s stock worth $503,000 after purchasing an additional 1,500 shares during the last quarter. Allen Investment Management LLC lifted its stake in New Mountain Finance Corporation by 9.2% in the second quarter. Allen Investment Management LLC now owns 32,937 shares of the investment management company’s stock worth $479,000 after purchasing an additional 2,768 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in New Mountain Finance Corporation by 2.2% in the second quarter. Janney Montgomery Scott LLC now owns 240,880 shares of the investment management company’s stock worth $3,505,000 after purchasing an additional 5,201 shares during the last quarter. Bank of America Corp DE lifted its stake in New Mountain Finance Corporation by 61.7% in the first quarter. Bank of America Corp DE now owns 14,998 shares of the investment management company’s stock worth $223,000 after purchasing an additional 5,721 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in New Mountain Finance Corporation by 10.1% in the second quarter. Sigma Planning Corp now owns 84,584 shares of the investment management company’s stock worth $1,231,000 after purchasing an additional 7,739 shares during the last quarter. 40.62% of the stock is owned by institutional investors.

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New Mountain Finance Corporation (NMFC) opened at $14.25 on Wednesday. The company has a market cap of $1,068.85, a PE ratio of 10.44 and a beta of 0.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 0.81. New Mountain Finance Corporation has a one year low of $13.40 and a one year high of $15.00.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.54%. The ex-dividend date is Thursday, December 14th. New Mountain Finance Corporation’s dividend payout ratio (DPR) is 90.07%.

Several analysts have weighed in on NMFC shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price target on shares of New Mountain Finance Corporation in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. BidaskClub downgraded shares of New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Finally, ValuEngine raised shares of New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th.

New Mountain Finance Corporation 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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