New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ – Get Free Report) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 1,434 shares, a drop of 31.7% from the December 15th total of 2,100 shares. Based on an average daily trading volume, of 20,050 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 20,050 shares, the short-interest ratio is currently 0.1 days.
New Mountain Finance Co. 8.250% Notes due 2028 Price Performance
NASDAQ NMFCZ traded up $0.01 on Friday, hitting $25.50. The company had a trading volume of 9,553 shares, compared to its average volume of 10,159. The company’s fifty day moving average price is $25.33 and its 200-day moving average price is $25.39. New Mountain Finance Co. 8.250% Notes due 2028 has a 12-month low of $25.01 and a 12-month high of $25.88.
New Mountain Finance Co. 8.250% Notes due 2028 Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.5156 per share. The ex-dividend date of this dividend is Friday, January 30th. 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.
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