New Mountain Finance Corporation (NYSE:NMFC) insider John Kline purchased 900 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average price of $14.20 per share, for a total transaction of $12,780.00. Following the purchase, the insider now directly owns 43,584 shares of the company’s stock, valued at approximately $618,892.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Kline also recently made the following trade(s):

  • On Wednesday, December 6th, John Kline purchased 7,500 shares of New Mountain Finance stock. The shares were acquired at an average price of $14.15 per share, for a total transaction of $106,125.00.

Shares of New Mountain Finance Corporation (NMFC) traded up $0.05 during midday trading on Wednesday, reaching $14.20. The company had a trading volume of 384,890 shares, compared to its average volume of 342,709. The stock has a market capitalization of $1,076.43, a price-to-earnings ratio of 10.52 and a beta of 0.59. New Mountain Finance Corporation has a 52-week low of $13.40 and a 52-week high of $15.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a $0.34 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a yield of 9.58%. New Mountain Finance’s dividend payout ratio is currently 90.07%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Airain ltd purchased a new stake in New Mountain Finance in the second quarter valued at 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. Hedge funds and other institutional investors own 39.48% of the company’s stock.

A number of equities research analysts recently commented on NMFC shares. Keefe, Bruyette & Woods set a $15.00 target price on New Mountain Finance and gave the company a “hold” rating in a research report on Thursday, October 5th. ValuEngine upgraded New Mountain Finance from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, BidaskClub lowered New Mountain Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd.

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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.

Insider Buying and Selling by Quarter for New Mountain Finance (NYSE:NMFC)

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