Short Interest in New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Increases By 120.4%

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,531 shares, an increase of 120.4% from the February 26th total of 2,509 shares. Based on an average daily trading volume, of 12,401 shares, the days-to-cover ratio is currently 0.4 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Up 0.0%

Shares of NASDAQ NMFCZ opened at $25.33 on Friday. New Mountain Finance Co. 8.250% Notes due 2028 has a one year low of $25.01 and a one year high of $25.82. The business’s fifty day moving average price is $25.27 and its 200-day moving average price is $25.32.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.06 annualized dividend and a yield of 8.1%.

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.