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 decrease in short interest in May. As of May 15th, there was short interest totaling 784 shares, a decrease of 90.3% from the April 30th total of 8,053 shares. Based on an average trading volume of 9,157 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NASDAQ NMFCZ traded up $0.02 during trading hours on Thursday, hitting $25.29. 5,396 shares of the company’s stock were exchanged, compared to its average volume of 11,453. New Mountain Finance Co. 8.250% Notes due 2028 has a 1-year low of $25.01 and a 1-year high of $25.82. The company’s 50-day moving average price is $25.37 and its 200-day moving average price is $25.32.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Friday, May 1st.

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.