New Mountain Finance Corp. (NYSE:NMFC) Director Steven B. Klinsky bought 12,154 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average price of $13.47 per share, for a total transaction of $163,714.38. Following the transaction, the director now owns 5,147,620 shares of the company’s stock, valued at $69,338,441.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of New Mountain Finance Corp. (NYSE:NMFC) opened at 13.70 on Monday. New Mountain Finance Corp. has a 52-week low of $10.87 and a 52-week high of $14.30. The firm has a 50-day moving average price of $13.64 and a 200 day moving average price of $13.26.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.93%. The ex-dividend date of this dividend is Tuesday, December 13th.

Several large investors have recently modified their holdings of the company. Princeton Alpha Management LP raised its stake in shares of New Mountain Finance Corp. by 50.1% in the third quarter. Princeton Alpha Management LP now owns 31,642 shares of the investment management company’s stock valued at $435,000 after buying an additional 10,561 shares during the period. Ameriprise Financial Inc. raised its stake in shares of New Mountain Finance Corp. by 2.6% in the third quarter. Ameriprise Financial Inc. now owns 37,694 shares of the investment management company’s stock valued at $518,000 after buying an additional 958 shares during the period. GAM Holding AG acquired a new stake in shares of New Mountain Finance Corp. during the third quarter valued at $114,000. Sigma Planning Corp raised its stake in shares of New Mountain Finance Corp. by 23.7% in the third quarter. Sigma Planning Corp now owns 64,441 shares of the investment management company’s stock valued at $887,000 after buying an additional 12,341 shares during the period. Finally, Confluence Investment Management LLC raised its stake in shares of New Mountain Finance Corp. by 0.9% in the third quarter. Confluence Investment Management LLC now owns 831,327 shares of the investment management company’s stock valued at $11,439,000 after buying an additional 7,061 shares during the period.

A number of brokerages recently commented on NMFC. Zacks Investment Research lowered New Mountain Finance Corp. from a “hold” rating to a “sell” rating in a research report on Friday. Oppenheimer Holdings Inc. upped their target price on New Mountain Finance Corp. from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. New Mountain Finance Corp. has an average rating of “Hold” and an average target price of $13.50.

New Mountain Finance Corp. 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.

5 Day Chart for NYSE:NMFC

Receive News & Stock Ratings for New Mountain Finance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Mountain Finance Corp. and related stocks with our FREE daily email newsletter.