In a filing, New Mountain Finance Corp revealed its Director KLINSKY STEVEN B acquired Company’s shares for reported $1.64 million on Nov 06 ’24. In the deal valued at $10.87 per share,150,609 shares were bought. As a result of this transaction, KLINSKY STEVEN B now holds 3,632,326 shares worth roughly $41.3 million.
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Then, KLINSKY STEVEN B bought 59,860 shares, generating $663,907 in total proceeds. Upon buying the shares at $11.09, the Director now owns 3,672,233 shares.
Before that, Kline John bought 41,550 shares. New Mountain Finance Corp shares valued at $453,682 were divested by the CEO, President, and Director at a price of $10.92 per share. As a result of the transaction, Kline John now holds 351,783 shares, worth roughly $4.0 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 Monday, New Mountain Finance Corp [NASDAQ:NMFC] saw its stock jump 0.44% to $11.37. Over the last five days, the stock has gained 5.28%. New Mountain Finance Corp shares have fallen nearly -10.04% since the year began. Nevertheless, the stocks have fallen -8.27% over the past one year. While a 52-week high of $13.02 was reached on 01/24/24, a 52-week low of $10.61 was recorded on 11/05/24. SMA at 50 days reached $11.73, while 200 days put it at $12.30.
Levels Of Support And Resistance For NMFC Stock
The 24-hour chart illustrates a support level at 11.28, which if violated will result in even more drops to 11.20. On the upside, there is a resistance level at 11.47. A further resistance level may holdings at 11.58. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.56%. Stochastics %K at 64.06% indicates the stock is a holding.
How much short interest is there in New Mountain Finance Corp?
A steep rise in short interest was recorded in New Mountain Finance Corp stocks on 2024-10-15, dropping by -0.23 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.95 million shares. There was a decline of -13.59%, which implies that there is a negative sentiment for the stock.
