New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Stock Short Interest Rises 117.8%

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,611 shares, a growth of 117.8% from the September 30th total of 1,199 shares. Based on an average daily trading volume, of 7,601 shares, the short-interest ratio is presently 0.3 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Down 1.6%

Shares of NMFCZ stock traded down $0.41 on Friday, hitting $25.01. 31,035 shares of the stock traded hands, compared to its average volume of 10,968. The firm has a 50 day simple moving average of $25.32 and a two-hundred day simple moving average of $25.33. New Mountain Finance Co. 8.250% Notes due 2028 has a 52 week low of $24.95 and a 52 week high of $25.68.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.2%. The ex-dividend date is Friday, October 30th.

New Mountain Finance Corporation is a business development company that provides financing to middle-market businesses. The company is externally managed by New Mountain Finance Advisers LLC, an affiliate of New Mountain Capital, an investment firm focused on growth-oriented companies.

New Mountain Finance generally invests in privately held companies through senior secured loans, unitranche facilities, second-lien and unsecured debt, and selected equity investments. Its portfolio companies are typically established businesses operating in industries that New Mountain considers to have defensive or growth characteristics, including software, business services, healthcare, education, and other specialized sectors.

The company primarily serves businesses in the United States and seeks to generate income from its lending activities while also pursuing long-term capital appreciation through equity investments.