Insider Trading Update: New Mountain Finance Corporation $NMFC

00072a90ac137ec5e9f98eadf00b0060

New Mountain Finance Corporation (NYSE:NMFC) insiders have most recently took part in a trading activity. On Nov 15, 2017 Hamwee Robert, CEO and Director bought 20,000 shares having total worth of $284,000 at the price of $14.2 per share, following the transaction a total of 294,754 shares owned by Hamwee Robert.

On Dec 12, 2017 Kline John, President and COO bought 7,500 shares having total worth of $106,350 at the price of $14.18 per share, following the transaction a total of 50,184 shares owned by Kline John. Before this latest buy, Kline John purchased NMFC at 1 other times during the past twelve months, for a total investment of $106,125 at an average of $14.15 per share.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 6 buy trades. Furthermore, over the past 12 months , the stock was traded 10 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 8 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 6 0 -1.1%
12 Month 8 2 17.28%

Shares of New Mountain Finance Corporation (NYSE:NMFC) traded up 0.73% on Dec 15, 2017, hitting $13.85. 546,346 shares of the company’s stock traded hands. New Mountain Finance Corporation has a 52 week low of $11.63 and a 52 week high of $14.5. The company’s market cap is $882 million.

New Mountain Finance Corporation (NYSE:NMFC) last announced its earnings results on Nov 7, 2017. The company reported 0.35 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.34 by $0.01. The company had revenue of $51 million for the quarter, compared to the consensus estimate of $50 million. During the same quarter in the previous year, the company posted 0.34 earnings per share. The company’s revenue for the quarter was up 22% on a year-over-year basis.

2017-11-07 2017-08-08 2017-05-08 2017-02-28 2016-11-08 2016-08-03 2016-05-04 2016-02-29 2015-11-04 2015-08-05
earnings per share 0.35 0.34 0.34 0.34 0.34 0.34 0.34 0.35 0.35 0.35
Revenue(M) 51.24 50.02 43.31 43.8 41.83 41.49 40.98 42 37.45 37.91

New Mountain Finance Corp is a Delaware corporation that was originally incorporated on June 29, 2010. The Company is a closed-end, non-diversified management investment company that has elected to be treated as a BDC under the 1940 Act. The Company’s assets are externally managed by its Investment Adviser. The Company invests mainly in the debt of companies that it’s Investment Adviser believes are high quality, defensive growth companies, which are defined as generally exhibiting the following characteristics: (i) sustainable secular growth drivers, (ii) high barriers to competitive entry, (iii) high free cash flow after capital expenditure and working capital needs, (iv) high returns on assets and (v) niche market dominance. The Investment Adviser has access to proprietary research and operating insights into many of the companies and industries that meet these criteria. The Company defines middle market businesses as those businesses with annual earnings before interest, taxes, depreciation, and amortization, or EBITDA, between $20 million and $200 million.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.