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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,389 shares, a decline of 43.0% from the August 31st total of 2,436 shares. Based on an average daily volume of 15,812 shares, the short-interest ratio is presently 0.1 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Down 0.2%

Shares of New Mountain Finance Co. 8.250% Notes due 2028 stock traded down $0.05 on Thursday, reaching $25.38. The company’s stock had a trading volume of 2,816 shares, compared to its average volume of 11,282. The stock has a 50-day moving average price of $25.27 and a 200-day moving average price of $25.34. New Mountain Finance Co. 8.250% Notes due 2028 has a 52-week low of $25.00 and a 52-week high of $25.68.

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

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a $0.5156 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ:NMFCZ) are unsecured debt securities issued by New Mountain Finance Corporation, a business development company (BDC). The notes provide investors with exposure to the credit activities of New Mountain Finance Corporation rather than representing shares of common stock.

New Mountain Finance Corporation primarily provides financing to middle-market companies through senior secured loans, subordinated debt and other debt investments. It may also make select equity investments, seeking to support companies with established operations and potential for long-term growth.