John Kline Purchases 7,500 Shares of New Mountain Finance Corporation (NMFC) Stock
New Mountain Finance Corporation (NYSE:NMFC) COO John Kline purchased 7,500 shares of New Mountain Finance stock in a transaction dated Wednesday, December 6th. The shares were bought at an average price of $14.15 per share, with a total value of $106,125.00. Following the completion of the transaction, the chief operating officer now owns 42,684 shares in the company, valued at approximately $603,978.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of New Mountain Finance Corporation (NYSE:NMFC) traded up $0.15 during trading on Friday, hitting $14.30. The company had a trading volume of 363,284 shares, compared to its average volume of 342,790. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.81. New Mountain Finance Corporation has a 1 year low of $13.40 and a 1 year high of $15.00. The firm has a market cap of $1,080.00, a P/E ratio of 10.48 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.36 annualized dividend and a dividend yield of 9.51%. New Mountain Finance’s dividend payout ratio is currently 87.74%.
Hedge funds have recently added to or reduced their stakes in the business. Airain ltd purchased a new stake in New Mountain Finance in the 2nd quarter worth approximately $149,000. Cetera Investment Advisers purchased a new stake in New Mountain Finance in the 2nd quarter worth approximately $153,000. Financial Counselors Inc. purchased a new stake in New Mountain Finance in the 2nd quarter worth approximately $155,000. Alliancebernstein L.P. purchased a new stake in New Mountain Finance in the 2nd quarter worth approximately $160,000. Finally, OxFORD Asset Management LLP purchased a new stake in New Mountain Finance in the 3rd quarter worth approximately $161,000. 39.48% of the stock is owned by hedge funds and other institutional investors.
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About New Mountain Finance
New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.
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