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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 27,040 shares, an increase of 989.0% from the June 15th total of 2,483 shares. Based on an average trading volume of 20,986 shares, the short-interest ratio is presently 1.3 days.

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

NMFCZ stock traded down $0.03 on Friday, hitting $25.48. The company’s stock had a trading volume of 5,738 shares, compared to its average volume of 12,140. The firm has a 50 day moving average of $25.33 and a two-hundred day moving average of $25.35. New Mountain Finance Co. 8.250% Notes due 2028 has a 1 year low of $25.01 and a 1 year high of $25.77.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, July 31st.

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.