Mycio Wealth Partners LLC Buys New Position in New Mountain Finance Corp. (NYSE:NMFC)

Mycio Wealth Partners LLC bought a new stake in shares of New Mountain Finance Corp. (NYSE:NMFC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,000 shares of the investment management company’s stock, valued at approximately $279,000.

A number of other hedge funds have also recently made changes to their positions in NMFC. Deutsche Bank AG boosted its stake in New Mountain Finance by 18.6% during the fourth quarter. Deutsche Bank AG now owns 38,225 shares of the investment management company’s stock valued at $480,000 after buying an additional 6,004 shares in the last quarter. Eagle Global Advisors LLC bought a new position in New Mountain Finance during the first quarter valued at about $371,000. Creative Planning boosted its stake in New Mountain Finance by 8.7% during the first quarter. Creative Planning now owns 30,332 shares of the investment management company’s stock valued at $412,000 after buying an additional 2,415 shares in the last quarter. Sigma Planning Corp boosted its stake in New Mountain Finance by 2.6% during the first quarter. Sigma Planning Corp now owns 94,872 shares of the investment management company’s stock valued at $1,287,000 after buying an additional 2,438 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware boosted its stake in New Mountain Finance by 1.1% during the first quarter. Mckinley Capital Management LLC Delaware now owns 244,614 shares of the investment management company’s stock valued at $3,319,000 after buying an additional 2,576 shares in the last quarter. 33.95% of the stock is owned by institutional investors and hedge funds.

NMFC stock traded down $0.07 during trading hours on Thursday, hitting $13.64. 7,961 shares of the stock traded hands, compared to its average volume of 420,936. The stock has a 50-day simple moving average of $13.71 and a 200 day simple moving average of $13.83. New Mountain Finance Corp. has a one year low of $12.06 and a one year high of $14.38. The company has a market cap of $1.21 billion, a P/E ratio of 9.89 and a beta of 0.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.47.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.97%. New Mountain Finance’s dividend payout ratio (DPR) is 98.55%.

In related news, CFO Shiraz Kajee purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $13.38 per share, for a total transaction of $33,450.00. Following the transaction, the chief financial officer now directly owns 7,500 shares of the company’s stock, valued at approximately $100,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Adam Weinstein purchased 9,350 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $13.34 per share, with a total value of $124,729.00. The disclosure for this purchase can be found here. Insiders purchased a total of 14,700 shares of company stock valued at $196,392 in the last quarter. 10.27% of the stock is currently owned by corporate insiders.

Separately, Zacks Investment Research cut New Mountain Finance from a “hold” rating to a “sell” rating in a research note on Tuesday.

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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Institutional Ownership by Quarter for New Mountain Finance (NYSE:NMFC)

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