New Mountain Finance Corp. (NMFC) : Muzinich reduced its stake in New Mountain Finance Corp. by 4.02% during the most recent quarter end. The investment management company now holds a total of 874,218 shares of New Mountain Finance Corp. which is valued at $10,840,303 after selling 36,585 shares in New Mountain Finance Corp. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.New Mountain Finance Corp. makes up approximately 4.75% of Muzinich’s portfolio.
New Mountain Finance Corp. opened for trading at $12.41 and hit $12.48 on the upside on Monday, eventually ending the session at $12.41, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 2,71,846 shares. Company has a market cap of $793 M.
Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in NMFC by selling 1,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of NMFC which is valued at $12,400.Founders Financial Securities boosted its stake in NMFC in the latest quarter, The investment management firm added 8,872 additional shares and now holds a total of 29,320 shares of New Mountain Finance Corp. which is valued at $363,568. New Mountain Finance Corp. makes up approx 0.17% of Founders Financial Securities’s portfolio. Edge Wealth Management added NMFC to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $3,678.Creative Planning boosted its stake in NMFC in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 2,400 shares of New Mountain Finance Corp. which is valued at $29,424.
Many Wall Street Analysts have commented on New Mountain Finance Corp.. Shares were Upgraded by Robert W. Baird on Jan 20, 2016 to ” Outperform” and Lowered the Price Target to $ 13 from a previous price target of $15 .
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.