New Mountain Finance Corp. (NYSE:NMFC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

Several other research analysts have also recently weighed in on NMFC. Oppenheimer Holdings Inc. raised their target price on New Mountain Finance Corp. from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Robert W. Baird cut New Mountain Finance Corp. from an “outperform” rating to a “neutral” rating and set a $13.00 target price for the company. in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.50.

Shares of New Mountain Finance Corp. (NYSE:NMFC) opened at 13.75 on Friday. The firm has a 50-day moving average price of $13.64 and a 200 day moving average price of $13.26. New Mountain Finance Corp. has a 12-month low of $10.87 and a 12-month high of $14.30.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be given a $0.34 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.89%.

In other New Mountain Finance Corp. news, Director Steven B. Klinsky acquired 214,276 shares of New Mountain Finance Corp. stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average cost of $13.28 per share, with a total value of $2,845,585.28. Following the purchase, the director now owns 4,877,995 shares in the company, valued at $64,779,773.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven B. Klinsky acquired 12,154 shares of New Mountain Finance Corp. stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average cost of $13.47 per share, with a total value of $163,714.38. Following the completion of the purchase, the director now owns 5,147,620 shares in the company, valued at approximately $69,338,441.40. The disclosure for this purchase can be found here.

Large investors have recently made changes to their positions in the company. GAM Holding AG acquired a new stake in shares of New Mountain Finance Corp. during the third quarter valued at about $114,000. Green Square Capital LLC acquired a new stake in shares of New Mountain Finance Corp. during the second quarter valued at about $199,000. Zacks Investment Management acquired a new stake in shares of New Mountain Finance Corp. during the second quarter valued at about $217,000. Trexquant Investment LP increased its stake in shares of New Mountain Finance Corp. by 1.0% in the second quarter. Trexquant Investment LP now owns 20,900 shares of the investment management company’s stock valued at $270,000 after buying an additional 200 shares in the last quarter. Finally, Clinton Group Inc. increased its stake in shares of New Mountain Finance Corp. by 63.8% in the second quarter. Clinton Group Inc. now owns 22,612 shares of the investment management company’s stock valued at $292,000 after buying an additional 8,810 shares in the last quarter.

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

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