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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,059 shares, a drop of 65.8% from the July 30th total of 3,099 shares. Based on an average daily volume of 13,738 shares, the days-to-cover ratio is presently 0.1 days.

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

NASDAQ NMFCZ remained flat at $25.25 during trading on Friday. 2,760 shares of the company’s stock traded hands, compared to its average volume of 11,406. The business’s 50-day moving average price is $25.34 and its two-hundred day moving average price is $25.32. New Mountain Finance Co. 8.250% Notes due 2028 has a twelve month low of $25.00 and a twelve month high of $25.68.

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

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a dividend of $0.5156 per share. The ex-dividend date was Friday, July 31st. This represents a $2.06 annualized dividend and a yield of 8.2%.

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.