Latest Stocks: New Mountain Finance Corp. (NMFC) Lowered to Sell at Zacks Investment Research

Latest Stocks: New Mountain Finance Corp. (NMFC) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of New Mountain Finance Corp. (NYSE:NMFC) from a hold rating to a sell rating in a report issued on Friday, May 12th.

Shares of New Mountain Finance Corp. (NYSE NMFC) opened at 14.75 on Friday. The stock’s 50 day moving average price is $14.68 and its 200-day moving average price is $14.49. New Mountain Finance Corp. has a 52-week low of $12.10 and a 52-week high of $15.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date of this dividend is Wednesday, June 14th. In other news, Director David Malpass sold 66,411 shares of New Mountain Finance Corp. stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $14.72, for a total transaction of $977,569.92. Following the completion of the sale, the director now owns 56,411 shares in the company, valued at approximately $830,369.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Ogens purchased 3,600 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of $14.37 per share, with a total value of $51,732.00. Following the transaction, the director now owns 49,654 shares in the company, valued at $713,527.98. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently modified their holdings of NMFC. Global X Management Co. LLC boosted its position in shares of New Mountain Finance Corp. by 49.7% in the first quarter. Global X Management Co. LLC now owns 9,057 shares of the investment management company’s stock worth $135,000 after buying an additional 3,007 shares in the last quarter. Allianz Asset Management AG bought a new position in New Mountain Finance Corp. during the fourth quarter valued at $147,000. DekaBank Deutsche Girozentrale bought a new position in New Mountain Finance Corp. during the first quarter valued at $148,000. Trexquant Investment LP bought a new position in New Mountain Finance Corp. during the fourth quarter valued at $153,000. Finally, Virginia Retirement Systems ET AL bought a new position in New Mountain Finance Corp. during the first quarter valued at $167,000. About New Mountain Finance Corp.

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