New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Down 94.8% in February

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 217 shares, a decline of 94.8% from the January 29th total of 4,148 shares. Based on an average daily volume of 13,840 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 13,840 shares, the short-interest ratio is currently 0.0 days.

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

NASDAQ:NMFCZ traded down $0.02 during mid-day trading on Thursday, hitting $25.26. 703 shares of the company’s stock traded hands, compared to its average volume of 9,966. The firm has a 50 day moving average of $25.36 and a two-hundred day moving average of $25.34. New Mountain Finance Co. 8.250% Notes due 2028 has a 12 month low of $25.01 and a 12 month high of $25.82.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were 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 was Friday, January 30th.

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.