New Mountain Finance Corp. (NMFC) : West Family Investments reduced its stake in New Mountain Finance Corp. by 8.83% during the most recent quarter end. The investment management company now holds a total of 350,515 shares of New Mountain Finance Corp. which is valued at $4,819,581 after selling 33,947 shares in New Mountain Finance Corp. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.New Mountain Finance Corp. makes up approximately 0.93% of West Family Investments’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors sold out all of its stake in NMFC during the most recent quarter. The investment firm sold 11,992 shares of NMFC which is valued $164,890.Princeton Alpha Management Lp boosted its stake in NMFC in the latest quarter, The investment management firm added 10,561 additional shares and now holds a total of 31,642 shares of New Mountain Finance Corp. which is valued at $430,331. New Mountain Finance Corp. makes up approx 0.08% of Princeton Alpha Management Lp’s portfolio.Oppenheimer Co Inc reduced its stake in NMFC by selling 5,835 shares or 26.23% in the most recent quarter. The Hedge Fund company now holds 16,410 shares of NMFC which is valued at $220,715. New Mountain Finance Corp. makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.First Trust Advisors Lp reduced its stake in NMFC by selling 6,163 shares or 23.24% in the most recent quarter. The Hedge Fund company now holds 20,358 shares of NMFC which is valued at $273,815.
New Mountain Finance Corp. (NMFC) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.9 and reached the intraday high at $13.95. The bulls started the profit booking and pushed the shares to intraday low of $13.75. The trading session was marked by a volume range of 3,15,374 shares exchanging hands. The 52-week high of the shares is $14.2999 and the 52-week low is $10.87. The market cap of the company stands at $971 M and there are 6,96,14,858 shares in public circulation.
Investors should note that on Nov 8, 2016, New Mountain Finance Corp. announced a cash dividend of $0.3400. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Dec 29, 2016.
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.