New Mountain Finance Corp (NMFC): James Stone , Section 16 Officer of New Mountain Finance Corp purchased 2,000 shares on May 20, 2016. The Insider buying transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.35 per share for a total value of $24,697.20 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2016, Steven B Klinsky (director) purchased 64,539 shares at $12.05 per share price.On Feb 10, 2016, Adam Weinstein (EVP, CAO and Director) purchased 2,600 shares at $11.42 per share price.Also, On Feb 9, 2016, James Stone (Section 16 Officer) purchased 2,500 shares at $11.51 per share price.On Dec 15, 2015, David Malpass (director) purchased 30,000 shares at $12.69 per share price.
New Mountain Finance Corp.: On Friday, May 20, 2016 heightened volatility was witnessed in New Mountain Finance Corp. which led to swings in the share price. The shares opened for trading at $12.27 and hit $12.39 on the upside , eventually ending the session at $12.32, with a gain of 0.41% or 0.05 points. The heightened volatility saw the trading volume jump to 1,23,382 shares. The 52-week high of the share price is $15.19 and the company has a market cap of $787 M . The 52-week low of the share price is at $10.87.
New Mountain Finance Corporation (NMFC) 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. In some cases the Company’s investments may also include equity interests such as preferred stock common stock warrants or options received in connection with the Company’s debt investments or may include a direct investment in the equity of private companies. The Company makes investments through both primary originations and open-market secondary purchases. The Company’s focused investments have maturities of between five and ten years and range in size between $10.0 million and $50.0 million. The New Mountain Finance Advisers BDC L.L.C. (the Investment Adviser) acts as the investment adviser of the Company.