New Mountain Finance Corp director buys $113,100 in stock

David Ogens, a director at New Mountain Finance Corp (NASDAQ:NMFC), has increased his stake in the company with recent purchases of common stock. According to a filing with the Securities and Exchange Commission, Ogens acquired a total of 10,000 shares over two days, March 6 and March 7, 2025. The transactions were executed at prices ranging from $11.30 to $11.32 per share, amounting to a total investment of $113,100. The $1.22B market cap company currently offers an impressive 20.12% dividend yield and has maintained dividend payments for 15 consecutive years, according to InvestingPro data.

Following these transactions, Ogens now holds 194,020 shares of New Mountain Finance Corp. This move reflects an increase in his direct ownership stake, as indicated in the filing. With a P/E ratio of 10.62 and historically low price volatility, InvestingPro analysis reveals additional insights about NMFC’s financial health and market position in its comprehensive Pro Research Report, available to subscribers.

In other recent news, New Mountain Finance Corporation reported fourth-quarter earnings that did not meet analyst expectations, with net investment income at $0.32 per share, just below the anticipated $0.33 per share. This is a decrease from the $0.40 per share earnings reported in the same quarter the previous year. The company announced a first-quarter 2025 distribution of $0.32 per share, set to be paid on March 31, 2025, to shareholders recorded by March 17, 2025, representing an annualized dividend yield of 10.7%. New Mountain Finance’s net asset value per share slightly declined to $12.55 as of December 31, 2024, compared to $12.62 at the end of the previous quarter. The firm maintained a total investment portfolio of $3.10 billion at year-end, with a weighted average yield to maturity on cost of approximately 11.0%. The company noted that 97% of its portfolio was rated "green," indicating investments performing in line with or above expectations. Additionally, New Mountain Finance’s statutory debt-to-equity ratio improved to 1.15x at year-end, down from 1.26x at the end of the third quarter. CEO John R. Kline remarked on the company’s steady results and progress in increasing its senior-oriented asset mix during 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.