New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,059 shares, a decline of 65.8% from the July 30th total of 3,099 shares. Based on an average daily volume of 13,738 shares, the days-to-cover ratio is currently 0.1 days.
New Mountain Finance Co. 8.250% Notes due 2028 Price Performance
Shares of NASDAQ:NMFCZ remained flat at $25.25 during trading on Friday. 2,760 shares of the stock were exchanged, compared to its average volume of 11,406. The company has a 50 day moving average price of $25.34 and a two-hundred day moving average price of $25.32. 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.
New Mountain Finance Co. 8.250% Notes due 2028 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.5156 per share. The ex-dividend date was Friday, July 31st. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%.
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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