Alliancebernstein L.P. Acquires Shares of 11,000 New Mountain Finance Corporation (NMFC)

Alliancebernstein L.P. acquired a new position in New Mountain Finance Corporation (NYSE:NMFC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,000 shares of the investment management company’s stock, valued at approximately $160,000.

Several other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new stake in New Mountain Finance Corporation during the first quarter valued at $233,000. JPMorgan Chase & Co. grew its position in New Mountain Finance Corporation by 135.7% during the first quarter. JPMorgan Chase & Co. now owns 51,522 shares of the investment management company’s stock valued at $768,000 after buying an additional 29,665 shares during the period. California Public Employees Retirement System grew its position in New Mountain Finance Corporation by 139.6% during the first quarter. California Public Employees Retirement System now owns 24,200 shares of the investment management company’s stock valued at $361,000 after buying an additional 14,100 shares during the period. Bank of America Corp DE grew its position in New Mountain Finance Corporation by 61.7% during the first quarter. Bank of America Corp DE now owns 14,998 shares of the investment management company’s stock valued at $223,000 after buying an additional 5,721 shares during the period. Finally, Round Table Services LLC grew its position in New Mountain Finance Corporation by 22.7% during the second quarter. Round Table Services LLC now owns 1,300,398 shares of the investment management company’s stock valued at $18,921,000 after buying an additional 240,229 shares during the period. Hedge funds and other institutional investors own 40.62% of the company’s stock.

New Mountain Finance Corporation (NYSE NMFC) opened at $14.25 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1,068.85, a PE ratio of 10.44 and a beta of 0.59. New Mountain Finance Corporation has a 52 week low of $13.40 and a 52 week high of $15.00.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 9.54%. The ex-dividend date of this dividend is Thursday, December 14th. New Mountain Finance Corporation’s dividend payout ratio is currently 90.07%.

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Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods set a $15.00 price objective on shares of New Mountain Finance Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. BidaskClub downgraded shares of New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Finally, ValuEngine raised shares of New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.

New Mountain Finance Corporation Company Profile

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.

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

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