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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,389 shares, a drop of 43.0% from the August 31st total of 2,436 shares. Based on an average trading volume of 15,812 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NASDAQ NMFCZ traded up $0.18 during midday trading on Wednesday, hitting $25.43. The stock had a trading volume of 21,190 shares, compared to its average volume of 11,328. New Mountain Finance Co. 8.250% Notes due 2028 has a 1-year low of $25.00 and a 1-year high of $25.68. The company has a fifty day moving average price of $25.27 and a 200 day moving average price of $25.34.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were paid a $0.5156 dividend. The ex-dividend date was Friday, July 31st. 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 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.