LSV Asset Management Has $25.39 Million Stock Holdings in New Mountain Finance Corporation $NMFC

LSV Asset Management trimmed its stake in shares of New Mountain Finance Corporation (NASDAQ:NMFC) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,633,656 shares of the company’s stock after selling 129,600 shares during the quarter. LSV Asset Management’s holdings in New Mountain Finance were worth $25,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC increased its position in New Mountain Finance by 36.9% during the 1st quarter. Millennium Management LLC now owns 711,050 shares of the company’s stock valued at $7,843,000 after purchasing an additional 191,518 shares during the period. Truist Financial Corp bought a new stake in shares of New Mountain Finance in the 2nd quarter valued at $167,000. Mutual Advisors LLC increased its position in shares of New Mountain Finance by 87.0% during the second quarter. Mutual Advisors LLC now owns 59,953 shares of the company’s stock worth $635,000 after buying an additional 27,894 shares during the period. International Assets Investment Management LLC increased its position in shares of New Mountain Finance by 3.8% during the second quarter. International Assets Investment Management LLC now owns 32,438 shares of the company’s stock worth $342,000 after buying an additional 1,179 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in New Mountain Finance by 26.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 491,424 shares of the company’s stock worth $5,185,000 after buying an additional 104,248 shares during the last quarter. 32.08% of the stock is owned by institutional investors and hedge funds.

New Mountain Finance Price Performance

NMFC stock opened at $8.32 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.99 and a quick ratio of 1.99. The company’s 50-day moving average is $9.02 and its 200-day moving average is $9.56. The stock has a market capitalization of $858.29 million, a PE ratio of 12.80 and a beta of 0.58. New Mountain Finance Corporation has a 1 year low of $7.91 and a 1 year high of $12.05.

Analysts Set New Price Targets

A number of analysts have commented on NMFC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of New Mountain Finance in a research report on Thursday, January 22nd. B. Riley Financial reissued a “neutral” rating and issued a $10.00 price objective (down from $11.00) on shares of New Mountain Finance in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods decreased their target price on New Mountain Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research raised New Mountain Finance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $10.17.

About New Mountain Finance

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.