New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Up 136.8% in January

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 3,395 shares, a growth of 136.8% from the December 31st total of 1,434 shares. Based on an average daily volume of 9,971 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 9,971 shares, the short-interest ratio is currently 0.3 days.

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

NASDAQ:NMFCZ traded down $0.43 during mid-day trading on Friday, hitting $25.14. 24,891 shares of the company’s stock traded hands, compared to its average volume of 8,755. The firm has a 50 day moving average of $25.39 and a two-hundred day moving average of $25.39. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a dividend of $0.5156 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%.

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.