John Kline, CEO, President, and Director of New Mountain Finance Corp (NMFC, Financial), purchased 41,550 shares of the company on November 6, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 351,783.304 shares of New Mountain Finance Corp.
New Mountain Finance Corp, a business development company, primarily focuses on providing debt and equity investment capital to support growth, acquisitions, and recapitalizations of U.S. middle-market companies.
On the date of the purchase, shares of New Mountain Finance Corp were trading at $10.92. The company has a market cap of approximately $1.22 billion. The price-earnings ratio of the stock stands at 10.78, which is below both the industry median of 11.425 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $11.76, making the price-to-GF-Value ratio 0.93. This suggests that New Mountain Finance Corp is Fairly Valued in the market.
Over the past year, insider transaction history at New Mountain Finance Corp shows a trend of more insider buying than selling. There have been seven insider buys and only one insider sell during this period.
The recent purchase by John Kline aligns with the overall insider buying trend at New Mountain Finance Corp. This could be an indicator of the insider’s confidence in the future performance of the company.
For more detailed information on insider trades at New Mountain Finance Corp, including historical transaction data, visit the company's stock summary page on GuruFocus.
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