Union Bancaire Privee UBP SA Invests $309,000 in New Mountain Finance Co. (NASDAQ:NMFC)

Union Bancaire Privee UBP SA acquired a new stake in New Mountain Finance Co. (NASDAQ:NMFC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,419 shares of the company’s stock, valued at approximately $309,000.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of New Mountain Finance in the third quarter worth about $26,000. Quarry LP grew its stake in New Mountain Finance by 68.3% in the 2nd quarter. Quarry LP now owns 3,307 shares of the company’s stock valued at $40,000 after buying an additional 1,342 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of New Mountain Finance during the third quarter worth $129,000. Centiva Capital LP bought a new position in shares of New Mountain Finance in the third quarter worth $130,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of New Mountain Finance in the third quarter worth $168,000. 32.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven B. Klinsky bought 2,400 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $11.74 per share, with a total value of $28,176.00. Following the completion of the purchase, the director now directly owns 4,118,522 shares of the company’s stock, valued at $48,351,448.28. This trade represents a 0.06 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John Kline purchased 41,550 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of $10.92 per share, with a total value of $453,726.00. Following the purchase, the chief executive officer now owns 351,783 shares in the company, valued at approximately $3,841,470.36. This represents a 13.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 324,530 shares of company stock worth $3,603,675. Corporate insiders own 10.22% of the company’s stock.

New Mountain Finance Trading Up 0.3 %

Shares of New Mountain Finance stock opened at $11.55 on Wednesday. The company’s 50-day moving average price is $11.44 and its 200-day moving average price is $11.76. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 11.00 and a beta of 1.15. New Mountain Finance Co. has a 12-month low of $10.61 and a 12-month high of $13.09. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.46.

New Mountain Finance (NASDAQ:NMFC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $95.33 million during the quarter, compared to the consensus estimate of $94.10 million. New Mountain Finance had a net margin of 30.28% and a return on equity of 11.25%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their price objective on New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

New Mountain Finance Profile

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.