Insider Trading March 5, 2026

Director Steven Klinsky Buys $3.52 Million of New Mountain Finance Stock

Multiple purchases on March 3-4 bring direct holdings to 116,823.91 shares as company faces revenue shortfall despite meeting EPS

By Nina Shah NMFC
Director Steven Klinsky Buys $3.52 Million of New Mountain Finance Stock
NMFC

Steven B. Klinsky, a director of New Mountain Finance Corp (NASDAQ: NMFC), purchased $3,516,053 of common stock across transactions on March 3 and March 4, 2026. The buys occurred at prices between $7.9426 and $8.1671 per share. The transactions increase Klinsky's direct stake to 116,823.91 shares. The trades come as NMFC shares trade near $8.10, close to a 52-week low of $7.52, and after the company reported fourth-quarter 2025 results with EPS of $0.32 that met expectations but revenues of $77.38 million that missed forecasts of $82.53 million by 6.24%.

Key Points

  • Director Steven B. Klinsky purchased $3,516,053 of New Mountain Finance common stock on March 3-4, 2026 at prices between $7.9426 and $8.1671 per share.
  • After the transactions, Klinsky directly owns 116,823.91 shares; he also has indirect holdings through multiple trusts and a trust held by an immediate family member.
  • New Mountain Finance reported Q4 2025 EPS of $0.32 (in line with expectations) but revenue of $77.38 million, missing the $82.53 million forecast by 6.24%; the stock trades near $8.10 and yields 15.71%.

Summary of purchases

According to a Form 4 filing with the Securities and Exchange Commission, Steven B. Klinsky, a director at New Mountain Finance Corp (NASDAQ: NMFC), purchased a total of $3,516,053 worth of the company’s common stock in two trading sessions on March 3 and March 4, 2026. Reported prices for the acquisitions ranged from $7.9426 to $8.1671 per share.

Transaction details

  • On March 3, Klinsky acquired 83,498 shares at $7.9426 each and an additional 166,997 shares at $7.9426.
  • On March 4, he purchased 62,301 shares at $8.1671 and another 124,604 shares at $8.1671.

Post-transaction holdings

Following these purchases, Klinsky's direct ownership in New Mountain Finance Corp stands at 116,823.91 shares. The filing also lists indirect holdings through multiple trusts - including The Steven B. Klinsky 2008 Long Term Trust, The Steven B. Klinsky Non-GST Exempt Trust, The Steven B. Klinsky 2024 Revocable Trust (three separate trusts labeled "2024 Trust 1," "2024 Trust 2," and "2024 Trust 3"), and shares held indirectly through a trust by an immediate family member. Klinsky disclaims beneficial ownership of those indirectly held shares except to the extent of his pecuniary interest therein.

Market context and dividend profile

At the time of the filing, NMFC was trading at $8.10, a price that sits close to its 52-week low of $7.52 and follows an 18% decline over the past year. The company's equity currently offers a dividend yield of 15.71%. According to InvestingPro Tips cited in the filing, New Mountain Finance has maintained dividend payments for 16 consecutive years. The filing also notes that InvestingPro provides 3 additional exclusive tips for investors in NMFC.

Recent financial results

New Mountain Finance reported fourth-quarter 2025 earnings that produced an earnings per share (EPS) of $0.32, a figure that matched expectations. Revenue for the quarter was $77.38 million, however, falling short of the forecasted $82.53 million and constituting a 6.24% miss. The revenue shortfall is highlighted in the filing as a point of investor attention, with the filing noting that while EPS met expectations, the revenue gap may prompt analysts to reassess forecasts and recommendations.

Takeaways for investors

The Form 4 filing documents a sizable director purchase in New Mountain Finance alongside recent quarterly results that combine an in-line EPS with a revenue miss. The filing provides precise trade dates, share counts, per-share prices, and ownership disclosures that investors and market observers can use when assessing the company’s current capitalization, dividend profile, and recent operating performance.


Note: The article reflects the transactions and financial data as reported in the referenced Form 4 filing and New Mountain Finance Corp's fourth-quarter 2025 results.

Risks

  • Revenue shortfall - Q4 2025 revenue of $77.38 million missed the $82.53 million forecast by 6.24%, an outcome that has drawn attention and may prompt analysts to reassess forecasts and recommendations (affects financials and specialty finance sectors).
  • Share price weakness - NMFC has declined 18% over the past year and trades close to its 52-week low of $7.52, highlighting market volatility and downside risk for equity holders (affects markets and investor sentiment in financials).
  • Ownership clarity - Klinsky disclaims beneficial ownership of shares held indirectly through multiple trusts except to the extent of his pecuniary interest, which leaves some uncertainty around the extent of his control or economic exposure (relevant to corporate governance considerations in the specialty finance sector).

More from Insider Trading

Northern Trust CFO Sells $468,361 in NTRS Shares Amid Company Momentum Mar 5, 2026 Warner Bros. Discovery Director Disposes $462K in Stock as Deal-Related Activity Swirls Mar 5, 2026 Former CF Industries CEO Disposes of $7.0M in Shares as Stock Nears Year High Mar 5, 2026 UWM Holdings Insider Disclosures: CEO’s Vehicle Sells $7.9M in Stock Over Three Days Mar 5, 2026 10% Owner NPEH, LLC Reduces NET Power Stake, Sells 100,000 NPWR Shares Mar 5, 2026