Condor Capital Management Has $189,000 Stock Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

Condor Capital Management cut its holdings in New Mountain Finance Co. (NASDAQ:NMFC) by 94.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,764 shares of the company’s stock after selling 298,165 shares during the quarter. Condor Capital Management’s holdings in New Mountain Finance were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its stake in New Mountain Finance by 57.2% in the fourth quarter. Corient Private Wealth LLC now owns 18,723 shares of the company’s stock valued at $211,000 after acquiring an additional 6,812 shares during the last quarter. First National Trust Co lifted its stake in New Mountain Finance by 2.9% in the fourth quarter. First National Trust Co now owns 164,579 shares of the company’s stock valued at $1,853,000 after acquiring an additional 4,574 shares during the last quarter. Midwest Professional Planners LTD. lifted its stake in New Mountain Finance by 6.5% in the fourth quarter. Midwest Professional Planners LTD. now owns 141,833 shares of the company’s stock valued at $1,597,000 after acquiring an additional 8,650 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in New Mountain Finance in the fourth quarter valued at approximately $1,141,000. Finally, Farther Finance Advisors LLC lifted its stake in New Mountain Finance by 154.3% in the fourth quarter. Farther Finance Advisors LLC now owns 35,885 shares of the company’s stock valued at $404,000 after acquiring an additional 21,775 shares during the last quarter. 32.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at New Mountain Finance

In related news, Director David Ogens bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $11.44 per share, for a total transaction of $57,200.00. Following the purchase, the director now directly owns 179,020 shares in the company, valued at $2,047,988.80. This trade represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.22% of the stock is owned by corporate insiders.

New Mountain Finance Price Performance

Shares of New Mountain Finance stock opened at $11.08 on Friday. The firm has a fifty day simple moving average of $11.48 and a 200-day simple moving average of $11.58. 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 Co. has a 1-year low of $10.62 and a 1-year high of $12.81. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.55 and a beta of 1.16.

New Mountain Finance (NASDAQ:NMFC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). New Mountain Finance had a return on equity of 11.25% and a net margin of 30.28%. The firm had revenue of $92.89 million during the quarter, compared to analyst estimates of $93.23 million. On average, sell-side analysts expect that New Mountain Finance Co. will post 1.39 earnings per share for the current year.

New Mountain Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.55%. The ex-dividend date is Monday, March 17th. New Mountain Finance’s payout ratio is 123.08%.

New Mountain Finance Company 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.