Skip to content
Nicolesmagicspatula

Nicolesmagicspatula

We know finance

Primary Menu
  • Business News
  • Business Development
  • Business Networking
  • Business Knowledge
  • Finance Companies
  • Finance Analyst
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • SITEMAP
  • Home
  • New Mountain Finance Named Top Dividend Stock With Insider Buying and 9.31% Yield (NMFC)
  • Finance Companies

New Mountain Finance Named Top Dividend Stock With Insider Buying and 9.31% Yield (NMFC)

By Bernadette 1 year ago

[ad_1]

In this series, we look through the most recent Dividend Channel ”DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money โ€” maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is New Mountain Finance Corporation (Symbol: NMFC), which saw buying by EVP, CAO and Director Adam Weinstein.

Back on May 20, Weinstein invested $312,490.50 into 25,000 shares of NMFC, for a cost per share of $12.50. In trading on Friday, shares were changing hands as low as $12.90 per share, which is 3.2% above Weinstein’s purchase price. New Mountain Finance Corporation shares are currently trading +0.31% on the day. The chart below shows the one year performance of NMFC shares, versus its 200 day moving average:

New Mountain Finance Corporation Chart

Looking at the chart above, NMFC’s low point in its 52 week range is $12.26 per share, with $14.11 as the 52 week high point โ€” that compares with a last trade of $12.92. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/16/2022 Steven B. Klinsky Director 65,200 $12.77 $832,426.01
05/16/2022 Shiraz Kajee Chief Financial Officer 2,500 $12.78 $31,938.50
05/18/2022 Steven B. Klinsky Director 94,660 $12.96 $1,226,946.16
05/20/2022 Adam Weinstein EVP, CAO and Director 25,000 $12.50 $312,490.50

The DividendRank report noted that among the coverage universe, NMFC shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent NMFC share price of $12.89 represents a price-to-book ratio of 1.0 and an annual dividend yield of 9.31% โ€” by comparison, the average company in Dividend Channel’s coverage universe yields 4.0% and trades at a price-to-book ratio of 2.7. The report also cited the strong quarterly dividend history at New Mountain Finance Corporation, and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.”

The annualized dividend paid by New Mountain Finance Corporation is $1.2/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/15/2022. Below is a long-term dividend history chart for NMFC, which the report stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

NMFC+Dividend+History+Chart

The Top DividendRank’ed Stocks With Insider Buying ยป

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

[ad_2]

Source link

Tags: "Succeeded His Business", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous Twitter will pay a $150 million fine over accusations it improperly sold user data : NPR
Next The Future of Shopping (Part 4): Three Ways to Leverage Time & Experience in the New Consumer Shopping Journey
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

BL

Recent Posts

  • Learn This..
  • Asset Financing: Leasing Over Loans
  • What Is Fx Signal Buying and selling?
  • Constructing a Company Circumstance: E-Finding out for External Audiences
  • The Calcutta Auction – Not A different March Insanity Pool
Intellifluence Trusted Blogger

Tags

Amazon Fba Business At&T Business Login Atlanta Business Chronicle'S Boss Baby Back In Business business Business Administration Degree Business Attire Women Business Card Design Business Cards Templates Business Casual Dress Business Casual Outfits Business Checking Account Business Credit Card Business For Sale Near Me Business Intelligence Platform Business Lawyer Near Me Business Loan Calculator Business Name Ideas Business Professional Women Business Spectrum Login California Business Entity Search Capital One Spark Business Carl Weber'S The Family Business Charlotte Business Journal Custom Business Cards Delaware Business Search enterprise Florida Business Search Fl Sos Business Search Harvard Business Publishing Insurance For Small Business Kelley School Of Business Maryland Business Express Maryland Business Search Moo Business Cards National Business Furniture New York Business Search Ohio Business Gateway Onedrive For Business Online Business Ideas Paramore Misery Business Risky Business Cast Small Business Insurance Spectrum Business Customer Service Tom Cruise Risky Business

getlinko

nicolesmagicspatula.com | Magazine 7 by AF themes.

WhatsApp us