New Mountain Finance Corp. (NMFC) : Round Table Services scooped up 86,269 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 Jul 25, 2016. The investment management firm now holds a total of 1,228,886 shares of New Mountain Finance Corp. which is valued at $16,430,206.New Mountain Finance Corp. makes up approximately 9.03% of Round Table Services’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in NMFC in the latest quarter, The investment management firm added 1,180 additional shares and now holds a total of 2,855 shares of New Mountain Finance Corp. which is valued at $38,171.Sigma Planning Corp boosted its stake in NMFC in the latest quarter, The investment management firm added 29,613 additional shares and now holds a total of 52,100 shares of New Mountain Finance Corp. which is valued at $694,493. New Mountain Finance Corp. makes up approx 0.09% of Sigma Planning Corp’s portfolio.Creative Planning reduced its stake in NMFC by selling 527 shares or 21.96% in the most recent quarter. The Hedge Fund company now holds 1,873 shares of NMFC which is valued at $25,136.Founders Financial Securities reduced its stake in NMFC by selling 452 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 28,868 shares of NMFC which is valued at $384,233. New Mountain Finance Corp. makes up approx 0.17% of Founders Financial Securities’s portfolio.
New Mountain Finance Corp. opened for trading at $13.32 and hit $13.369 on the upside on Friday, eventually ending the session at $13.36, with a gain of 0.23% or 0.03 points. The heightened volatility saw the trading volume jump to 2,36,320 shares. Company has a market cap of $853 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.