New Mountain Finance Corp. (NMFC) : Wildcat Capital Management added new position in New Mountain Finance Corp. during the most recent quarter end. The investment management firm now holds 179,278 shares of New Mountain Finance Corp. which is valued at $2.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.New Mountain Finance Corp. makes up approximately 0.33% of Wildcat Capital Management’s portfolio.
Other Hedge Funds, Including , Cetera Advisors added NMFC to its portfolio by purchasing 24,800 company shares during the most recent quarter which is valued at $307,272. New Mountain Finance Corp. makes up approx 0.03% of Cetera Advisors’s portfolio. First Personal Financial Services sold out all of its stake in NMFC during the most recent quarter. The investment firm sold 879 shares of NMFC which is valued $10,891.Horizon Investments boosted its stake in NMFC in the latest quarter, The investment management firm added 8,824 additional shares and now holds a total of 29,463 shares of New Mountain Finance Corp. which is valued at $365,047. New Mountain Finance Corp. makes up approx 0.03% of Horizon Investments’s portfolio.Norges Bank reduced its stake in NMFC by selling 49,052 shares or 18.25% in the most recent quarter. The Hedge Fund company now holds 219,724 shares of NMFC which is valued at $2.7 Million.
New Mountain Finance Corp. opened for trading at $12.39 and hit $12.43 on the upside on Wednesday, eventually ending the session at $12.41, with a gain of 0.32% or 0.04 points. The heightened volatility saw the trading volume jump to 1,92,073 shares. Company has a market cap of $793 M.
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.