On November 4, 2024, Adam Weinstein, Executive Vice President, Chief Administrative Officer, and Director of New Mountain Finance Corp (NMFC, Financial), purchased 45,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 552,534.5 shares of New Mountain Finance Corp.
New Mountain Finance Corp is a business development company that primarily targets middle-market companies for investment. The company's strategy involves direct lending and equity investments, focusing on companies with strong competitive positions and potential for growth.
Over the past year, the insider has increased his holdings by 45,000 shares, with no recorded sales of the company's stock. This recent acquisition aligns with a broader trend within the company, where there have been five insider buys and only one insider sell over the past year.
Shares of New Mountain Finance Corp were priced at $10.87 on the day of the transaction, giving the company a market cap of approximately $1.18 billion. The price-earnings ratio of the stock stands at 10.41, which is below both the industry median of 11.39 and the company's historical median.
According to the GF Value, the intrinsic value of New Mountain Finance Corp is estimated at $11.76 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.92.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider buying activity may be of interest to investors looking for signals about the company's future prospects and valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
