CEO, President and Director of New Mountain Finance Corp Robert Hamwee Bought 15,000 Shares

Author's Avatar
Aug 15, 2013
New Mountain Finance Corp has a market cap of $560.4 million. It is a holding company with no direct operations of its own, and its only business and sole asset will be its ownership of common membership units of the operating company, the operating company for its business Its shares were traded at around $14.69 with a P/E ratio of 6.50 and P/S ratio of 5.10. The dividend yield of New Mountain Finance Corp stocks is 9.30%. Articles on GuruFocus.COM

CEO, President and Director of New Mountain Finance Corp (NMFC, Financial) Robert Hamwee bought 15,000 shares on Aug. 13, 2013, at an average price of $14.65. The total transaction amount was $219,750.

Mr. Robert Hamwee has been the president of New Mountain Finance Corp since March 2011 and has been CEO since July 2010. Prior to working at this company, Mr. Hamwee also served at GSC Group and other companies.

Also, CFO and Treasurer David M. Cordova bought 500 shares of NMFC stock on May 31, 2013. Other directors and officers also bought shares.

1376517076548.png

New Mountain Finance Corp reported its results for the quarter that ended on June 30, 2013. The company announced its total investment income of $35.2 million and net expenses of $11.6 million.