New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Shares Shorted: Short Interest Down 43.0% in September

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the recipient of a significant 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 days-to-cover ratio is presently 0.1 days.

New Mountain Finance Co. 8.250% Notes due 2028 Trading Up 0.7%

NMFCZ traded up $0.18 during trading on Wednesday, hitting $25.43. The company’s stock had a trading volume of 21,190 shares, compared to its average volume of 11,328. The firm’s 50 day moving average price is $25.27 and its 200-day moving average price is $25.34. New Mountain Finance Co. 8.250% Notes due 2028 has a twelve month low of $25.00 and a twelve month high of $25.68.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a $0.5156 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.06 annualized dividend and a dividend 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.