New Mountain Finance Corp. (NYSE:NMFC) Director Steven B. Klinsky acquired 201,100 shares of New Mountain Finance stock in a transaction on Friday, March 9th. The shares were bought at an average cost of $13.36 per share, for a total transaction of $2,686,696.00. Following the completion of the purchase, the director now directly owns 5,545,972 shares of the company’s stock, valued at $74,094,185.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
New Mountain Finance Corp. (NMFC) opened at $13.45 on Tuesday. New Mountain Finance Corp. has a 12-month low of $12.05 and a 12-month high of $15.00. The stock has a market capitalization of $1,020.00, a P/E ratio of 9.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.41 and a current ratio of 3.41.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 10.11%. New Mountain Finance’s dividend payout ratio (DPR) is presently 98.55%.
Separately, Keefe, Bruyette & Woods set a $15.00 price objective on New Mountain Finance and gave the stock a “hold” rating in a research note on Thursday, March 1st.
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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