The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. New Mountain Finance Corp shares valued at $815,622 were purchased by KLINSKY STEVEN B on Dec 17 ’24. At $11.28 per share, KLINSKY STEVEN B acquired 72,280 shares. The insider’s holdings grew to 4,285,505 shares worth approximately $47.91 million following the completion of this transaction.
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Also, KLINSKY STEVEN B purchased 91,451 shares, netting a total of over 1,073,397 in proceeds. Following the buying of shares at $11.74 each, the insider now holds 4,237,318 shares.
Before that, KLINSKY STEVEN B had added 9,051 shares to its account. In a trade valued at $106,244, the Director bought New Mountain Finance Corp shares for $11.74 each. Upon closing the transaction, the insider’s holdings increased to 9,051 shares, worth approximately $46.69 million.
As published in a research note from Wells Fargo on April 18, 2023, New Mountain Finance Corp [NMFC] has been rated down from an Overweight to an Equal weight and the price target has been revised to $11 from $13. Analysts at B. Riley Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of February 07, 2022, Janney has initiated its “Buy” rating for NMFC. Earlier on March 05, 2021, Hovde Group initiated its rating. Their recommendation was “a Market perform” for NMFC stock.
Analyzing NMFC Stock Performance
During the last five days, there has been a drop of approximately -4.77%. Over the course of the year, New Mountain Finance Corp shares have dropped approximately -11.47%. Shares of the company reached a 52-week high of $13.10 on 01/24/24 and a 52-week low of $10.61 on 11/05/24. A 50-day SMA is recorded $11.54, while a 200-day SMA reached $12.15. Nevertheless, trading volume fell to 0.69 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for New Mountain Finance Corp (NMFC)
According to the 24-hour chart, there is a support level at 11.10, which, if violated, would cause prices to drop to 11.02. In the upper region, resistance lies at 11.26. The next price resistance is at 11.33. RSI (Relative Strength Index) is 34.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 88.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
