New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Sees Large Increase in Short Interest

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,692 shares, an increase of 201.8% from the March 15th total of 5,531 shares. Based on an average daily trading volume, of 24,290 shares, the days-to-cover ratio is currently 0.7 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance

NASDAQ NMFCZ traded up $0.03 during trading hours on Friday, reaching $25.40. 7,626 shares of the company were exchanged, compared to its average volume of 13,143. New Mountain Finance Co. 8.250% Notes due 2028 has a 1 year low of $25.01 and a 1 year high of $25.82. The business’s 50 day simple moving average is $25.25 and its 200-day simple moving average is $25.32.

New Mountain Finance Co. 8.250% Notes due 2028 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, May 1st.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ: NMFCZ) are senior unsecured debt securities issued by New Mountain Finance Corporation, a closed-end business development company. These notes pay a fixed annual interest rate of 8.25%, with interest typically paid quarterly and a maturity date in 2028. The securities are listed on the NASDAQ Capital Market, offering investors a fixed-income instrument tied to the performance of the issuer’s diversified investment portfolio.

New Mountain Finance Corporation focuses on making debt and equity investments in middle-market companies across a range of sectors, including business services, healthcare, software, and specialty finance.