Share on StockTwits

New Mountain Finance Corp. (NASDAQ:NMFC) Director Steven B. Klinsky bought 212,060 shares of New Mountain Finance Corp. stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $15.10 per share, for a total transaction of $3,202,106.00. Following the acquisition, the director now directly owns 2,193,198 shares of the company’s stock, valued at approximately $33,117,290. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of New Mountain Finance Corp. (NASDAQ:NMFC) traded down 0.26% during mid-day trading on Thursday, hitting $15.13. The stock had a trading volume of 343,447 shares. New Mountain Finance Corp. has a 1-year low of $13.86 and a 1-year high of $15.31. The stock has a 50-day moving average of $14.80 and a 200-day moving average of $14.59. The company has a market cap of $787.7 million and a P/E ratio of 8.43.

The company also recently declared a special dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.12 per share. This represents a yield of 9.04%. The ex-dividend date is Monday, August 18th.

Separately, analysts at Wells Fargo & Co. upgraded shares of New Mountain Finance Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 7th.

New Mountain Finance Corporation (NASDAQ:NMFC) is a closed-end, non-diversified management investment company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.