New Mountain Finance Corp. Director Buys $1,791,509 in Stock (NMFC)
New Mountain Finance Corp. (NASDAQ:NMFC) Director Steven B. Klinsky purchased 117,940 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $15.19 per share, with a total value of $1,791,508.60. Following the completion of the transaction, the director now directly owns 2,311,138 shares of the company’s stock, valued at approximately $35,106,186. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
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 Corp. (NASDAQ:NMFC) traded up 0.53% during mid-day trading on Monday, hitting $15.16. The stock had a trading volume of 422,751 shares. New Mountain Finance Corp. has a 52-week low of $13.86 and a 52-week high of $15.31. The stock’s 50-day moving average is $14.84 and its 200-day moving average is $14.59. The company has a market cap of $789.3 million and a P/E ratio of 8.38.
The company also recently declared a special dividend, which is scheduled for Wednesday, September 3rd. Investors 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 of this dividend is Monday, August 18th.
New Mountain Finance Corporation (NASDAQ:NMFC) is a closed-end, non-diversified management investment company.
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