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Weinstein, New Mountain Finance EVP, CAO and director, buys $498k in shares

Published 16/09/2025, 22:00
Weinstein, New Mountain Finance EVP, CAO and director, buys $498k in shares
NMFC
-2.70%

Adam B. Weinstein, Executive Vice President, Chief Accounting Officer, and Director at New Mountain Finance Corp (NASDAQ:NMFC), acquired 49,750 shares of common stock on September 15, 2025. The shares were purchased at a price of $10.0267, totaling approximately $498,828. The insider purchase comes as InvestingPro data shows the stock trading at $9.78, with an attractive P/E ratio of 12.7 and a substantial dividend yield of 16.8%. Technical indicators suggest the stock is currently in oversold territory.

Following the transaction, Weinstein directly owns 652,490.08 shares of New Mountain Finance Corp , which includes shares acquired through the company’s dividend reinvestment plan since his last report in November 2024. The $1.04B market cap company has maintained dividend payments for 15 consecutive years, demonstrating strong commitment to shareholder returns. For deeper insights into NMFC’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

In other recent news, New Mountain Finance Corporation reported its second-quarter earnings for 2025, with earnings per share (EPS) aligning with market expectations at $0.32. However, the company experienced a revenue shortfall, reporting $83.49 million compared to the forecasted $84.57 million. In addition to the earnings report, BofA Securities downgraded New Mountain Finance from Buy to Underperform, citing profitability concerns. The firm also reduced its price target for the company to $10.00 from $11.75. BofA highlighted the potential for ongoing profitability challenges that could lead to a dividend reset and lower share valuation. These recent developments are crucial for investors to consider when evaluating the company’s financial health and future prospects.

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