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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,509 shares, an increase of 1,056.2% from the February 12th total of 217 shares. Based on an average daily volume of 8,810 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 8,810 shares, the days-to-cover ratio is presently 0.3 days.

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

NMFCZ remained flat at $25.22 during trading on Tuesday. 9,477 shares of the company’s stock were exchanged, compared to its average volume of 10,315. 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 $25.32 and its two-hundred day moving average price is $25.33.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were given a $0.5156 dividend. This represents a $2.06 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Friday, January 30th.

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.