New Mountain Finance Corp. (NMFC) : Wildcat Capital Management has sold out all of its stake in New Mountain Finance Corp. during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 179,278 shares of New Mountain Finance Corp. which is valued at $2,533,198.
Other Hedge Funds, Including , 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.Partners Group Holding Ag boosted its stake in NMFC in the latest quarter, The investment management firm added 85,000 additional shares and now holds a total of 261,300 shares of New Mountain Finance Corp. which is valued at $3,692,169. New Mountain Finance Corp. makes up approx 0.84% of Partners Group Holding Ag’s portfolio.Interocean Capital reduced its stake in NMFC by selling 750 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 11,670 shares of NMFC which is valued at $159,296. New Mountain Finance Corp. makes up approx 0.04% of Interocean Capital’s portfolio.Round Table Services boosted its stake in NMFC in the latest quarter, The investment management firm added 86,269 additional shares and 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 approx 9.03% of Round Table Services’s portfolio.
New Mountain Finance Corp. closed down -0.02 points or -0.14% at $13.94 with 2,28,334 shares getting traded on Tuesday. Post opening the session at $13.99, the shares hit an intraday low of $13.9099 and an intraday high of $14 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.