Insiders Were Right: NMFC Makes New 52-Week High

In trading on Monday, shares of New Mountain Finance Corp ( NMFC) touched a new 52-week high of $15.32/share. That's a 10.53% rise, or $1.46 per share from the 52-week low of $13.86 set back on 05/09/2014. That means at today's intraday high, any investor who purchased NMFC stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, NMFC has seen 10 different instances of insiders buying over the trailing six month period.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
03/07/2014 Robert Hamwee CEO, President and Director 12,000 $14.75 $176,984.40
03/07/2014 John Kline COO and EVP 540 $14.70 $7,938.00
03/12/2014 David M. Cordova CFO and Treasurer 1,500 $14.81 $22,215.00
04/16/2014 James Stone Section 16 Officer 1,500 $14.24 $21,355.44
04/16/2014 David Malpass Director 10,000 $14.25 $142,512.00
04/28/2014 Robert Hamwee CEO, President and Director 15,000 $14.31 $214,692.00
04/29/2014 Paula Bosco Chief Compliance Officer 2,125 $14.26 $30,302.22
06/11/2014 Paula Bosco Chief Compliance Officer 623 $14.34 $8,933.76
06/11/2014 Alfred F. Hurley Jr. Director 7,000 $14.43 $101,010.00
06/16/2014 Adam Weinstein EVP, CAO and Director 3,500 $14.35 $50,224.65
08/12/2014 David Ogens Director 10,000 $14.98 $149,800.00
08/13/2014 Steven B. Klinsky Director 212,060 $15.10 $3,203,024.98
08/15/2014 Steven B. Klinsky Director 117,940 $15.19 $1,791,413.72

The chart below shows where NMFC has traded over the past year, with the 50-day and 200-day moving averages included.

New Mountain Finance Corp Moving Averages Chart

In afternoon trading on Monday, NMFC shares are changing hands at $15.29/share, slightly below the new 52-week high.

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