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 increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,692 shares, an increase of 201.8% from the March 15th total of 5,531 shares. Based on an average daily volume of 24,290 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of NMFCZ traded down $0.02 during trading hours on Monday, reaching $25.41. 5,237 shares of the company traded hands, compared to its average volume of 13,027. The stock’s fifty day moving average is $25.25 and its 200 day moving average is $25.32. 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.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.5156 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.06 dividend on an annualized basis and a dividend 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.