Matthew Thornton - Nuveen Floating Independent Director

JFR Fund  USD 8.73  0.01  0.11%   
Matthew Thornton is Fund Manager at Nuveen Floating Rate
Age 63
Tenure 4 years
Phone312 917 7700
Webhttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JFR&refsrc=vu_nuveen.com/jfr

Matthew Thornton Latest Insider Activity

Tracking and analyzing the buying and selling activities of Matthew Thornton against Nuveen Floating fund is an integral part of due diligence when investing in Nuveen Floating. Matthew Thornton insider activity provides valuable insight into whether Nuveen Floating is net buyers or sellers over its current business cycle. Note, Nuveen Floating insiders must abide by specific rules, including filing SEC forms every time they buy or sell Nuveen Floating'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
 
Matthew Thornton over a month ago
Insider Trading
 
Matthew Thornton over a month ago
Insider Trading

Nuveen Floating Management Performance (%)

The company has Return on Asset of 2.32 % which means that on every $100 spent on assets, it made $2.32 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (2.67) %, meaning that it generated no profit with money invested by stockholders. Nuveen Floating's management efficiency ratios could be used to measure how well Nuveen Floating manages its routine affairs as well as how well it operates its assets and liabilities.
Nuveen Floating Rate has 234.59 M in debt with debt to equity (D/E) ratio of 0.44, which is OK given its current industry classification. Nuveen Floating Rate has a current ratio of 0.98, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Nuveen Floating until it has trouble settling it off, either with new capital or with free cash flow. So, Nuveen Floating's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nuveen Floating Rate sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nuveen to invest in growth at high rates of return. When we think about Nuveen Floating's use of debt, we should always consider it together with cash and equity.

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Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. Nuveen Floating Rate Income Fund was formed on March 24, 2004 and is domiciled in the United States. Nuveen Floating is traded on New York Stock Exchange in the United States. The fund is not classified under any group at the present time.

Management Performance

Nuveen Floating Rate Leadership Team

Elected by the shareholders, the Nuveen Floating's board of directors comprises two types of representatives: Nuveen Floating inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nuveen. The board's role is to monitor Nuveen Floating's management team and ensure that shareholders' interests are well served. Nuveen Floating's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nuveen Floating's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark Winget, Vice President Assistant Secretary
Robert Young, Independent Director
E Wickerham, Vice President Controller
Deann Morgan, Vice President
Jack Evans, Independent Director
David Lamb, Chief Administrative Officer
Mark Czarniecki, Vice President Assistant Secretary
Cedric Antosiewicz, Chief Administrative Officer
Judith Stockdale, Independent Director
William Siffermann, Vice President
William Meyers, Vice President
Michael Perry, Vice President
Jacques Longerstaey, Vice President
Matthew Thornton, Independent Director
Margaret Wolff, Independent Director
Brian Lockhart, Vice President
Diana Gonzalez, Vice President Assistant Secretary
Gifford Zimmerman, Chief Compliance Officer, Vice President
Nathaniel Jones, Vice President Treasurer
Terence Toth, Independent Chairman of the Board
Carole Stone, Independent Director
Jon Meissner, Vice President, Assistant Secretary
Christopher Rohrbacher, Vice President Assistant Secretary
Walter Kelly, Vice President, Chief Compliance Officer
John Nelson, Independent Director
Albin Moschner, Independent Director
Kevin McCarthy, Vice President, Assistant Secretary
William Hunter, Independent Director
Tina Lazar, Vice President

Nuveen Fund Performance Indicators

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Other Information on Investing in Nuveen Fund

Nuveen Floating financial ratios help investors to determine whether Nuveen Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen Floating security.
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