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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,482 shares, an increase of 89.0% from the May 14th total of 784 shares. Based on an average daily volume of 9,622 shares, the days-to-cover ratio is presently 0.2 days.

New Mountain Finance Co. 8.250% Notes due 2028 Trading Up 0.1%

Shares of NASDAQ:NMFCZ traded up $0.03 during midday trading on Friday, hitting $25.36. The company’s stock had a trading volume of 3,001 shares, compared to its average volume of 11,185. The stock’s 50 day simple moving average is $25.37 and its 200 day simple moving average is $25.33. 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 $25.82.

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 given a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was 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.