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) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,059 shares, a decline 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 currently 0.1 days.

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

Shares of NMFCZ remained flat at $25.25 during mid-day trading on Friday. The stock had a trading volume of 2,760 shares, compared to its average volume of 11,406. The company has a 50-day moving average price of $25.33 and a two-hundred day moving average price of $25.32. New Mountain Finance Co. 8.250% Notes due 2028 has a one year low of $25.00 and a one year high of $25.68.

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

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

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.