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Understanding the Risks of Investing in New Mountain Finance Corp (NMFC)

New Mountain Finance Corp’s recent filing unveils that its Director Ogens David acquired Company’s shares for reported $44170.0 on Jun 07 ’24. In the deal valued at $12.62 per share,3,500 shares were bought. As a result of this transaction, Ogens David now holds 166,391 shares worth roughly $2.05 million.

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Then, Kline John sold 1,238 shares, generating $15,541 in total proceeds. Upon selling the shares at $12.55, the CEO, President, and Director now owns 254,610 shares.

Before that, HAMWEE ROBERT sold 15 shares. New Mountain Finance Corp shares valued at $193 were divested by the Director at a price of $12.86 per share. As a result of the transaction, HAMWEE ROBERT now holds 549,373 shares, worth roughly $6.78 million.

Wells Fargo downgraded its New Mountain Finance Corp [NMFC] rating to an Equal weight from a an Overweight in a research note published on April 18, 2023; the price target was decreased to $11 from $13. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Janney began covering NMFC with “Buy” recommendation on February 07, 2022. Hovde Group started covering the stock on March 05, 2021. It rated NMFC as “a Market perform”.

Price Performance Review of NMFC

On Tuesday, New Mountain Finance Corp [NASDAQ:NMFC] saw its stock jump 0.65% to $12.34. Over the last five days, the stock has gained 1.06%. New Mountain Finance Corp shares have fallen nearly -2.53% since the year began. Nevertheless, the stocks have risen 1.06% over the past one year. While a 52-week high of $13.04 was reached on 01/24/24, a 52-week low of $12.00 was recorded on 06/26/24. SMA at 50 days reached $12.52, while 200 days put it at $12.67.

Levels Of Support And Resistance For NMFC Stock

The 24-hour chart illustrates a support level at 12.27, which if violated will result in even more drops to 12.20. On the upside, there is a resistance level at 12.38. A further resistance level may holdings at 12.43. The Relative Strength Index (RSI) on the 14-day chart is 47.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.49%. Stochastics%K at 30.19% indicates the stock is a holding.

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