New Mountain Finance Corp. (NMFC) : Founders Financial Securities reduced its stake in New Mountain Finance Corp. by 1.54% during the most recent quarter end. The investment management company now holds a total of 28,868 shares of New Mountain Finance Corp. which is valued at $384,233 after selling 452 shares in New Mountain Finance Corp. , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.New Mountain Finance Corp. makes up approximately 0.17% of Founders Financial Securities’s portfolio.
Other Hedge Funds, Including ,
New Mountain Finance Corp. closed down -0.02 points or -0.15% at $13.42 with 2,44,903 shares getting traded on Wednesday. Post opening the session at $13.44, the shares hit an intraday low of $13.36 and an intraday high of $13.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.