New Mountain Finance Corp. (NMFC) Director David Ogens Purchases 1,799 Shares
New Mountain Finance Corp. (NYSE:NMFC) Director David Ogens purchased 1,799 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average price of $13.53 per share, for a total transaction of $24,340.47. Following the acquisition, the director now owns 59,259 shares in the company, valued at $801,774.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE:NMFC traded down $0.13 during midday trading on Thursday, hitting $13.43. 6,400 shares of the company’s stock traded hands, compared to its average volume of 288,704. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.43 and a beta of 0.54. New Mountain Finance Corp. has a twelve month low of $12.05 and a twelve month high of $14.38.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a dividend yield of 10.13%. New Mountain Finance’s payout ratio is 105.43%.
Several large investors have recently bought and sold shares of NMFC. Cliffwater LLC lifted its holdings in shares of New Mountain Finance by 77.6% during the 3rd quarter. Cliffwater LLC now owns 542,366 shares of the investment management company’s stock valued at $7,322,000 after acquiring an additional 236,968 shares in the last quarter. Round Table Services LLC lifted its holdings in shares of New Mountain Finance by 12.7% during the 2nd quarter. Round Table Services LLC now owns 1,722,714 shares of the investment management company’s stock valued at $23,429,000 after acquiring an additional 194,325 shares in the last quarter. Dimension Capital Management LLC lifted its holdings in shares of New Mountain Finance by 24.9% during the 2nd quarter. Dimension Capital Management LLC now owns 534,102 shares of the investment management company’s stock valued at $7,264,000 after acquiring an additional 106,371 shares in the last quarter. Standard Life Aberdeen plc acquired a new position in shares of New Mountain Finance during the 2nd quarter valued at $852,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of New Mountain Finance during the 3rd quarter valued at $791,000. Institutional investors and hedge funds own 36.21% of the company’s stock.
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About New Mountain Finance
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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