New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,721 shares, a drop of 86.2% from the June 30th total of 27,040 shares. Based on an average trading volume of 9,286 shares, the short-interest ratio is presently 0.4 days.
New Mountain Finance Co. 8.250% Notes due 2028 Trading Up 0.1%
New Mountain Finance Co. 8.250% Notes due 2028 stock traded up $0.02 during midday trading on Friday, reaching $25.52. 7,432 shares of the stock traded hands, compared to its average volume of 11,497. The firm has a fifty day moving average price of $25.38 and a two-hundred day moving average price of $25.35. New Mountain Finance Co. 8.250% Notes due 2028 has a fifty-two week low of $25.01 and a fifty-two week high of $25.76.
New Mountain Finance Co. 8.250% Notes due 2028 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, July 31st.
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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