Union Bancaire Privee UBP SA Purchases New Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

Union Bancaire Privee UBP SA acquired a new position in shares of New Mountain Finance Co. (NASDAQ:NMFC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,419 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of New Mountain Finance during the third quarter valued at $26,000. Quantbot Technologies LP bought a new stake in New Mountain Finance during the 3rd quarter valued at about $129,000. Centiva Capital LP bought a new stake in New Mountain Finance during the 3rd quarter valued at about $130,000. Wilmington Savings Fund Society FSB purchased a new position in New Mountain Finance in the third quarter worth about $168,000. Finally, Farther Finance Advisors LLC bought a new position in shares of New Mountain Finance in the third quarter worth approximately $169,000. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut their target price 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.

Insider Transactions at New Mountain Finance

In other news, Director Steven B. Klinsky acquired 16,624 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $11.74 per share, with a total value of $195,165.76. Following the completion of the acquisition, the director now directly owns 4,133,737 shares of the company’s stock, valued at approximately $48,530,072.38. The trade was a 0.40 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 95,104 shares of company stock worth $1,083,334 over the last three months. 10.34% of the stock is currently owned by company insiders.

New Mountain Finance Price Performance

NASDAQ NMFC opened at $11.94 on Tuesday. New Mountain Finance Co. has a one year low of $10.61 and a one year high of $13.01. The stock has a 50-day moving average of $11.44 and a 200 day moving average of $11.68. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.37 and a beta of 1.15.

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.