Insider Buying: Steven B. Klinsky Purchases 117,940 Shares of New Mountain Finance Corp. Stock (NMFC)
New Mountain Finance Corp. (NASDAQ:NMFC) Director Steven B. Klinsky acquired 117,940 shares of New Mountain Finance Corp. stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $15.19 per share, with a total value of $1,791,508.60. Following the purchase, the director now directly owns 2,311,138 shares in the company, valued at approximately $35,106,186. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
New Mountain Finance Corp. (NASDAQ:NMFC) traded up 0.12% during mid-day trading on Wednesday, hitting $15.098. The stock had a trading volume of 84,426 shares. New Mountain Finance Corp. has a one year low of $13.86 and a one year high of $15.31. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $14.60. The company has a market cap of $786.0 million and a price-to-earnings 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 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.
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