New Mountain Finance Corporation (NYSE:NMFC) CFO Shiraz Kajee acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of $14.08 per share, for a total transaction of $28,160.00. Following the transaction, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $56,320. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of New Mountain Finance Corporation (NMFC) remained flat at $$14.30 during midday trading on Thursday. The stock had a trading volume of 210,600 shares, compared to its average volume of 343,687. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1,080.00, a price-to-earnings ratio of 10.59 and a beta of 0.58. New Mountain Finance Corporation has a twelve month low of $13.40 and a twelve month high of $15.00.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend is Thursday, December 14th. New Mountain Finance Corporation’s dividend payout ratio is presently 87.74%.

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Large investors have recently made changes to their positions in the company. Airain ltd purchased a new position in shares of New Mountain Finance Corporation in the second quarter worth about $149,000. Cetera Investment Advisers purchased a new position in shares of New Mountain Finance Corporation in the second quarter worth about $153,000. Financial Counselors Inc. purchased a new position in shares of New Mountain Finance Corporation in the second quarter worth about $155,000. Alliancebernstein L.P. purchased a new position in shares of New Mountain Finance Corporation in the second quarter worth about $160,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of New Mountain Finance Corporation in the third quarter worth about $161,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.

Several equities research analysts have weighed in on NMFC shares. BidaskClub downgraded New Mountain Finance Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price target on shares of New Mountain Finance Corporation in a report on Thursday, August 31st. ValuEngine raised New Mountain Finance Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded New Mountain Finance Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th.

New Mountain Finance Corporation 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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