In a filing, New Mountain Finance Corporation revealed its Director HAMWEE ROBERT unloaded Company’s shares for reported $193.0 on Jul 27. In the deal valued at $12.86 per share,15 shares were sold. As a result of this transaction, HAMWEE ROBERT now holds 549,373 shares worth roughly $ 7.04 million.
Then, Boswerger Laura Holson bought 14,975 shares, generating $178,003 in total proceeds. Upon buying the shares at $11.89, the COO and CFO now owns 49,398 shares.
Before that, KLINSKY STEVEN B bought 100,000 shares. New Mountain Finance Corporation shares valued at $1,174,170 were divested by the Director at a price of $11.74 per share. As a result of the transaction, KLINSKY STEVEN B now holds 7,820,681 shares, worth roughly $100.26 million.
Wells Fargo downgraded its New Mountain Finance Corporation [NMFC] rating to an Equal weight from a an Overweight in a research note published on Friday, April 18, 2023; the price target was decreased to $11 from $13. PT values the company’s stock at a premium of -16.55 to its Friday closing price.
Price Performance Review of NMFC
On Friday, New Mountain Finance Corporation [NASDAQ:NMFC] saw its stock jump 0.39% to $12.82. On the same session, the stock had its day’s lowest price of $12.77, but rose to a high of $12.875. Over the last five days, the stock has gained 0.63%. New Mountain Finance Corporation shares have risen nearly 3.88% since the year began. Nevertheless, the stocks have fallen -2.13% over the past one year. While a 52-week high of $13.42 was reached on 08/07/23, a 52-week low of $11.14 was recorded on 03/13/23. SMA at 50 days reached $12.66, while 200 days put it at $12.44.
Levels Of Support And Resistance For NMFC Stock
The 24-hour chart illustrates a support level at 12.77, which if violated will result in even more drops to 12.72. On the upside, there is a resistance level at 12.87. A further resistance level may holdings at 12.93. The Relative Strength Index (RSI) on the 14-day chart is 54.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.61%. Stochastics %K at 74.53% indicates the stock is a holding.
How much short interest is there in New Mountain Finance Corporation?
A steep rise in short interest was recorded in New Mountain Finance Corporation stocks on Aug 14, 2023, growing by 0.0 shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.29 million shares.
According to FactSet, New Mountain Finance Corporation’s share price will average $13.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 5.72 percent from its previous closing price of $12.77. Analysts expect New Mountain Finance Corporation stock to reach the higher price of $14.00, while the lowest price estimate is $12.00. However, 7 analysts have rated NMFC stock as an Overweight in their predictions for 2023.