New Mountain Finance Corp. (NMFC) : Para Advisors scooped up 10,000 additional shares in New Mountain Finance Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 85,000 shares of New Mountain Finance Corp. which is valued at $1,201,050.New Mountain Finance Corp. makes up approximately 12.67% of Para Advisors’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors added NMFC to its portfolio by purchasing 11,992 company shares during the most recent quarter which is valued at $169,447.Raymond James Associates reduced its stake in NMFC by selling 5,501 shares or 10.12% in the most recent quarter. The Hedge Fund company now holds 48,859 shares of NMFC which is valued at $690,378.Westport Resources Management Inc reduced its stake in NMFC by selling 2,455 shares or 28.85% in the most recent quarter. The Hedge Fund company now holds 6,056 shares of NMFC which is valued at $85,571. New Mountain Finance Corp. makes up approx 0.03% of Westport Resources Management Inc’s portfolio.Cambridge Investment Research Advisors reduced its stake in NMFC by selling 86 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 27,778 shares of NMFC which is valued at $379,170. New Mountain Finance Corp. makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.
New Mountain Finance Corp. opened for trading at $13.92 and hit $14.18 on the upside on Monday, eventually ending the session at $14.14, with a gain of 2.09% or 0.29 points. The heightened volatility saw the trading volume jump to 2,99,008 shares. Company has a market cap of $902 M.
Many Wall Street Analysts have commented on New Mountain Finance Corp.. Robert W. Baird Downgraded New Mountain Finance Corp. on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $13.
New Mountain Finance Corporation (NMFC) is a closed-end non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure including first and second lien debt notes bonds and mezzanine securities. In some cases the Company’s investments may also include equity interests such as preferred stock common stock warrants or options received in connection with the Company’s debt investments or may include a direct investment in the equity of private companies. The Company makes investments through both primary originations and open-market secondary purchases. The Company’s focused investments have maturities of between five and ten years and range in size between $10.0 million and $50.0 million. The New Mountain Finance Advisers BDC L.L.C. (the Investment Adviser) acts as the investment adviser of the Company.