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) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 784 shares, a drop of 90.3% from the April 30th total of 8,053 shares. Based on an average daily volume of 9,157 shares, the days-to-cover ratio is currently 0.1 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Down 0.2%

Shares of New Mountain Finance Co. 8.250% Notes due 2028 stock traded down $0.06 during midday trading on Friday, reaching $25.23. 12,156 shares of the company’s stock traded hands, compared to its average volume of 11,476. The company’s 50 day simple moving average is $25.37 and its 200 day simple moving average is $25.32. New Mountain Finance Co. 8.250% Notes due 2028 has a 52 week low of $25.01 and a 52 week high of $25.82.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.5156 per share. The ex-dividend date was Friday, May 1st. This represents a $2.06 dividend on an annualized basis and a dividend 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.