Advisors Asset Management Inc. boosted its position in shares of New Mountain Finance Corporation (NYSE:NMFC) by 17.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 383,116 shares of the investment management company’s stock after buying an additional 56,360 shares during the period. Advisors Asset Management Inc.’s holdings in New Mountain Finance Corporation were worth $5,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of New Mountain Finance Corporation by 84.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 349,405 shares of the investment management company’s stock worth $5,206,000 after buying an additional 159,820 shares during the period. Round Table Services LLC boosted its position in shares of New Mountain Finance Corporation by 22.7% in the second quarter. Round Table Services LLC now owns 1,300,398 shares of the investment management company’s stock worth $18,921,000 after buying an additional 240,229 shares during the period. Norges Bank purchased a new position in shares of New Mountain Finance Corporation during the fourth quarter worth about $1,693,000. Clinton Group Inc. boosted its position in shares of New Mountain Finance Corporation by 16.4% in the first quarter. Clinton Group Inc. now owns 26,258 shares of the investment management company’s stock worth $391,000 after buying an additional 3,695 shares during the period. Finally, LSV Asset Management boosted its position in shares of New Mountain Finance Corporation by 214.9% in the first quarter. LSV Asset Management now owns 1,602,426 shares of the investment management company’s stock worth $23,876,000 after buying an additional 1,093,590 shares during the period. 39.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Mountain Finance Corporation (NYSE NMFC) opened at 14.30 on Thursday. The firm’s 50 day moving average is $14.40 and its 200-day moving average is $14.58. New Mountain Finance Corporation has a 1-year low of $13.05 and a 1-year high of $15.00.

New Mountain Finance Corporation (NYSE:NMFC) last posted its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $50.02 million for the quarter, compared to analysts’ expectations of $47.66 million. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. Analysts predict that New Mountain Finance Corporation will post $1.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.51%. The ex-dividend date is Thursday, September 14th. New Mountain Finance Corporation’s dividend payout ratio (DPR) is currently 86.62%.

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A number of research analysts recently issued reports on NMFC shares. Zacks Investment Research cut shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Keefe, Bruyette & Woods set a $15.00 target price on shares of New Mountain Finance Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, BidaskClub cut shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.

In related news, CFO Shiraz Kajee acquired 2,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $14.63 per share, for a total transaction of $29,260.00. Following the transaction, the chief financial officer now owns 2,000 shares in the company, valued at approximately $29,260. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.73% of the company’s stock.

About New Mountain Finance Corporation

New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.

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

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