A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $333.3K by Robert Hamwee, CEO and Director at New Mountain Finance Corp ( NMFC).Hamwee bets big on NMFC:
|10/31/2016||Robert Hamwee||CEO and Director||25,000||$13.33||$333,311.25|
The current annualized dividend paid by New Mountain Finance Corp is $1.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/14/2016. Below is a long-term dividend history chart for NMFC, which can be of good help in judging whether the most recent dividend with approx. 10.1% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, NMFC makes up 3.21% of the BDC Income ETF ( BIZD) which is trading lower by about 1% on the day Thursday.