Market News Video
MNV MNV 10 Stocks Crossing Above Their 200 Day Moving Average
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Strong Insider Buying Found in the Underlying Holdings of BIZD
Friday, August 4, 10:08 AM ET, by Market News Video Staff

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an ...

Snatch This Bargain 9.5% Yielder Even Cheaper Than CFO & Treasurer Kajee Did
Wednesday, August 16, 2:25 PM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

Ex-Dividend Reminder: Lamar Advertising, New Mountain Finance and Banc Of California
Tuesday, September 12, 10:31 AM ET, by Market News Video Staff

On 9/14/17, Lamar Advertising Co (LAMR), New Mountain Finance Corp (NMFC), and Banc Of California ...

New Mountain Finance Named Top Dividend Stock With Insider Buying and 9.75% Yield (NMFC)
Thursday, September 14, 10:56 AM ET, by Market News Video Staff

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then ...

New Mountain Finance Enters Oversold Territory
Thursday, September 14, 11:32 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Will Insiders Be Tempted To Buy More NMFC At The New 52-Week Low?

By Market News Video Staff, Wednesday, December 27, 4:06 PM ET
Play Video: The Importance of ETFs

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Wednesday, shares of New Mountain Finance Corp (NYSE:NMFC) touched a new 52-week low of $13.55/share. That's a $1.45 share price drop, or -9.67% decline from the 52-week high of $15.00 set back on 04/27/2017. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for NMFC that means the stock would have to gain 10.70% to get back to the 52-week high. For a move like that, New Mountain Finance Corp would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as NMFC shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, NMFC has seen 6 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
11/17/2017 Shiraz Kajee CFO and Treasurer 2,000 $14.07 $28,150.00
11/21/2017 Karrie J. Jerry CCO and Corporate Secretary 350 $14.20 $4,970.00
11/30/2017 Kurt Wolfgruber Director 350 $14.18 $4,961.25
12/07/2017 James Stone Section 16 Officer 12,000 $14.19 $170,280.00
12/06/2017 John Kline President and COO 7,500 $14.14 $106,087.50
12/15/2017 Kurt Wolfgruber Director 3,000 $13.93 $41,790.00
11/15/2017 Robert Hamwee CEO and Director 20,000 $14.20 $283,949.51
12/12/2017 John Kline President and COO 7,500 $14.18 $106,383.54

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. 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

Time will tell whether the insider purchases foretell a future rebound for NMFC shares, which are presently showing a last trade of $13.62/share, slightly above the new 52-week low.

This Article's Word Cloud:   Bargains   Cheaper   Corp   Corporate   Director   Finance   Hamwee   Here   Insider   Insiders   James   Jerry   John   Kajee   Karrie   Kline   Kurt   Large   Mountain   NMFC   NYSE   Officer   Oftentimes   President   Price   Wolfgruber   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Chart Zero Stock Market Game Stock Market Definitions

Will Insiders Be Tempted To Buy More NMFC At The New 52-Week Low? | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.