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 significant drop in short interest in April. As of April 15th, there was short interest totaling 6,898 shares, a drop of 58.7% from the March 31st total of 16,692 shares. Based on an average daily volume of 8,849 shares, the short-interest ratio is presently 0.8 days.

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

New Mountain Finance Co. 8.250% Notes due 2028 stock traded up $0.02 during mid-day trading on Friday, reaching $25.67. The company’s stock had a trading volume of 3,740 shares, compared to its average volume of 12,211. 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. The business’s 50 day simple moving average is $25.33 and its 200 day simple moving average is $25.34.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.5156 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.06 dividend on an annualized basis and a yield of 8.0%.

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.