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New Mountain Finance Corp. (NASDAQ:NMFC) Director Steven B. Klinsky acquired 212,060 shares of the stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $15.10 per share, with a total value of $3,202,106.00. Following the completion of the transaction, the director now directly owns 2,193,198 shares of the company’s stock, valued at approximately $33,117,290. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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) opened at 15.08 on Monday. New Mountain Finance Corp. has a 1-year low of $13.86 and a 1-year 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 $785.1 million and a P/E ratio of 8.44.

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

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

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