John Kline Acquires 900 Shares of New Mountain Finance Corporation (NMFC) Stock
New Mountain Finance Corporation (NYSE:NMFC) insider John Kline bought 900 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average cost of $14.20 per share, for a total transaction of $12,780.00. Following the completion of the transaction, the insider now directly owns 43,584 shares in the company, valued at approximately $618,892.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
John Kline also recently made the following trade(s):
- On Wednesday, December 6th, John Kline acquired 7,500 shares of New Mountain Finance stock. The stock was bought at an average cost of $14.15 per share, for a total transaction of $106,125.00.
New Mountain Finance Corporation (NYSE NMFC) remained flat at $$13.75 during trading hours on Friday. 223,233 shares of the stock were exchanged, compared to its average volume of 358,799. 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 one year low of $13.55 and a one year high of $15.00. The company has a market capitalization of $1,042.32, a PE ratio of 9.11 and a beta of 0.59.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 9.89%. The ex-dividend date of this dividend is Thursday, December 14th. New Mountain Finance’s dividend payout ratio (DPR) is presently 90.07%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Airain ltd purchased a new stake in shares of New Mountain Finance during the second quarter worth about $149,000. Cetera Investment Advisers purchased a new stake in shares of New Mountain Finance during the second quarter worth about $153,000. Financial Counselors Inc. purchased a new stake in shares of New Mountain Finance during the second quarter worth about $155,000. Alliancebernstein L.P. purchased a new stake in shares of New Mountain Finance during the second quarter worth about $160,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of New Mountain Finance during the third quarter worth about $161,000. 39.29% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the company. ValuEngine raised New Mountain Finance from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $15.00 price objective on New Mountain Finance and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub lowered New Mountain Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd.
New Mountain Finance Company Profile
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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