Roosevelt Investment Group Inc. Takes $433,000 Position in New Mountain Finance Corp. (NMFC)

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Roosevelt Investment Group Inc. bought a new position in shares of New Mountain Finance Corp. (NYSE:NMFC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 34,391 shares of the investment management company’s stock, valued at approximately $433,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in New Mountain Finance during the fourth quarter worth about $58,000. Brown Advisory Inc. bought a new position in New Mountain Finance during the third quarter worth about $154,000. IFP Advisors Inc increased its position in New Mountain Finance by 39.5% during the fourth quarter. IFP Advisors Inc now owns 12,856 shares of the investment management company’s stock worth $163,000 after acquiring an additional 3,642 shares during the period. AJ Wealth Strategies LLC bought a new position in New Mountain Finance during the third quarter worth about $180,000. Finally, Wambolt & Associates LLC bought a new position in New Mountain Finance during the fourth quarter worth about $194,000. Institutional investors own 36.03% of the company’s stock.

NMFC stock opened at $13.56 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.65 and a current ratio of 1.65. New Mountain Finance Corp. has a 12 month low of $12.06 and a 12 month high of $14.30. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.51 and a beta of 0.62.

In other news, CAO Adam Weinstein bought 16,700 shares of the firm’s stock in a transaction on Monday, December 10th. The shares were purchased at an average cost of $13.22 per share, with a total value of $220,774.00. Following the acquisition, the chief accounting officer now directly owns 114,721 shares in the company, valued at $1,516,611.62. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven B. Klinsky bought 181,805 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was purchased at an average cost of $12.52 per share, for a total transaction of $2,276,198.60. Following the completion of the acquisition, the director now owns 56,009 shares in the company, valued at $701,232.68. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 231,505 shares of company stock worth $2,918,803. Insiders own 10.27% of the company’s stock.

A number of equities analysts recently commented on NMFC shares. ValuEngine raised shares of New Mountain Finance from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. TheStreet lowered shares of New Mountain Finance from a “b-” rating to a “c” rating in a report on Friday, November 9th. Finally, Zacks Investment Research lowered shares of New Mountain Finance from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. New Mountain Finance currently has a consensus rating of “Hold” and an average price target of $14.67.

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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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