Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. New Mountain Finance Corp shares valued at $56,600 were purchased by Ogens David on Mar 06 ’25. At $11.32 per share, Ogens David acquired 5,000 shares. The insider’s holdings grew to 189,020 shares worth approximately $2.04 million following the completion of this transaction.
Also, Ogens David purchased 5,000 shares, netting a total of over 56,500 in proceeds. Following the buying of shares at $11.30 each, the insider now holds 194,020 shares.
Before that, Ogens David had added 5,000 shares to its account. In a trade valued at $57,200, the Director bought New Mountain Finance Corp shares for $11.44 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $1.93 million.
Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid April. As of October 14, 2022, B. Riley Securities has initiated its “Neutral” rating for NMFC. Earlier on February 07, 2022, Janney initiated its rating. Their recommendation was “a Buy” for NMFC stock.
Analyzing NMFC Stock Performance
During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, New Mountain Finance Corp shares have dropped approximately -4.17%. Shares of the company reached a 52-week high of $12.05 on 02/21/25 and a 52-week low of $8.84 on 04/09/25.
Support And Resistance Levels for New Mountain Finance Corp (NMFC)
According to the 24-hour chart, there is a support level at 10.74, which, if violated, would cause prices to drop to 10.69. In the upper region, resistance lies at 10.85. The next price resistance is at 10.91. RSI (Relative Strength Index) is 57.72 on the 14-day chart, showing neutral technical sentiment.
