New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Update

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,721 shares, a drop of 86.2% from the June 30th total of 27,040 shares. Based on an average daily volume of 9,286 shares, the short-interest ratio is presently 0.4 days.

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

Shares of New Mountain Finance Co. 8.250% Notes due 2028 stock traded up $0.03 on Monday, reaching $25.55. The stock had a trading volume of 118 shares, compared to its average volume of 11,416. The business’s 50-day moving average price is $25.38 and its two-hundred day moving average price is $25.35. New Mountain Finance Co. 8.250% Notes due 2028 has a fifty-two week low of $25.01 and a fifty-two week high of $25.76.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.5156 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%.

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.