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New Mountain Finance director David Ogens buys $113,750 in stock

Published 07/03/2025, 00:58
New Mountain Finance director David Ogens buys $113,750 in stock
NMFC
-0.95%

David Ogens, a director at New Mountain Finance Corp (NASDAQ:NMFC), recently acquired a total of 10,000 shares of the company’s common stock. The purchases were made in two separate transactions on March 4 and March 5, 2025, at prices ranging from $11.31 to $11.44 per share, amounting to a total investment of $113,750.

Following these transactions, Ogens now holds 184,020 shares in the company. The acquisitions were made directly and include shares obtained through New Mountain Finance Corporation’s dividend reinvestment plan since his last reported Form 4 filing on June 11, 2024. Trading at a P/E ratio of 10.64 and showing historically low price volatility, NMFC currently sits near its 52-week range of $10.62 to $13.01. For deeper insights into insider trading patterns and additional analysis, check out the comprehensive NMFC research report on InvestingPro.

In other recent news, New Mountain Finance Corporation reported its fourth-quarter earnings, which fell short of analyst expectations. The company posted net investment income of $0.32 per share, missing the consensus estimate of $0.33 per share and down from $0.40 per share in the same quarter last year. Despite the earnings miss, New Mountain Finance declared a first-quarter 2025 distribution of $0.32 per share, maintaining an annualized dividend yield of 10.7%. The company’s net asset value per share slightly declined to $12.55 from $12.62 in the previous quarter. CEO John R. Kline emphasized the company’s steady results and progress in increasing its senior-oriented asset mix. The total investment portfolio was reported at $3.10 billion, with a weighted average yield to maturity of approximately 11.0%. New Mountain Finance noted that 97% of its portfolio was rated "green," indicating strong performance. Additionally, the company’s statutory debt-to-equity ratio improved to 1.15x at the end of the year.

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