Spire Prosperity Management raised its holdings in shares of New Mountain Finance Co. (NASDAQ:NMFC – Get Ranking) by 2.8% in the 4th quarter, according to the firm in its most latest Sort 13F submitting with the Securities and Exchange Fee. The fund owned 56,375 shares of the company’s inventory immediately after purchasing an additional 1,541 shares through the quarter. Spire Wealth Administration owned .06% of New Mountain Finance value $772,000 at the conclusion of the most the latest reporting interval.
Other substantial investors have also included to or reduced their stakes in the corporation. Valeo Financial Advisors LLC acquired a new stake in shares of New Mountain Finance throughout the 3rd quarter really worth $975,000. UBS Group AG lifted its holdings in shares of New Mountain Finance by 14.7% in the 3rd quarter. UBS Group AG now owns 295,212 shares of the company’s inventory valued at $3,929,000 just after buying an additional 37,813 shares in the last quarter. GYL Economic Synergies LLC acquired a new stake in shares of New Mountain Finance in the 3rd quarter valued at about $141,000. Economical Advisors Community Inc. acquired a new stake in shares of New Mountain Finance in the third quarter valued at about $265,000. Ultimately, Bramshill Investments LLC elevated its holdings in shares of New Mountain Finance by 6.8% in the 3rd quarter. Bramshill Investments LLC now owns 139,416 shares of the company’s inventory valued at $1,856,000 immediately after buying an more 8,840 shares in the last quarter. Institutional traders and hedge funds possess 34.75% of the company’s stock.
NMFC has been the subject matter of many latest research reports. Zacks Expenditure Investigate downgraded New Mountain Finance from a “buy” score to a “hold” ranking in a report on Wednesday, January 5th. Janney Montgomery Scott commenced coverage on New Mountain Finance in a exploration note on Monday, February 7th. They issued a “buy” score on the inventory.
NMFC opened at $13.66 on Tuesday. The business’s 50-day moving regular is $13.49 and its two-hundred day moving ordinary is $13.55. New Mountain Finance Co. has a 1 year low of $12.24 and a 1 year higher of $14.11. The organization has a personal debt-to-fairness ratio of 1.42, a present-day ratio of 2.04 and a quick ratio of 2.40. The agency has a industry capitalization of $1.32 billion, a PE ratio of 7.15 and a beta of 1.29.
New Mountain Finance (NASDAQ:NMFC – Get Ranking) last posted its earnings effects on Monday, February 28th. The firm claimed $.23 earnings for each share (EPS) for the quarter, missing the consensus estimate of $.30 by ($.07). New Mountain Finance experienced a internet margin of 74.33% and a return on equity of 9.14%. During the same time period in the previous 12 months, the company posted $.30 earnings for every share. As a team, provide-aspect analysts assume that New Mountain Finance Co. will post 1.22 EPS for the present-day yr.
The firm also a short while ago declared a quarterly dividend, which will be paid out on Thursday, March 31st. Stockholders of file on Thursday, March 17th will be paid a dividend of $.30 for every share. The ex-dividend day is Wednesday, March 16th. This represents a $1.20 dividend on an annualized foundation and a dividend yield of 8.78%. New Mountain Finance’s payout ratio is 62.83%.
New Mountain Finance Profile (Get Score)
New Mountain Finance Corporation is a business advancement company that specializes in investments in center current market organizations and financial debt securities. The company invests in various industries that features program, instruction, small business companies, distribution and logistics, federal providers, healthcare providers and products, health care amenities, and a lot more.
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