New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,611 shares, an increase of 117.8% from the September 30th total of 1,199 shares. Based on an average daily volume of 7,601 shares, the short-interest ratio is presently 0.3 days.
New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance
NMFCZ traded down $0.37 during trading on Friday, hitting $25.05. 28,418 shares of the company’s stock were exchanged, compared to its average volume of 10,945. New Mountain Finance Co. 8.250% Notes due 2028 has a fifty-two week low of $24.95 and a fifty-two week high of $25.68. The business’s 50 day moving average is $25.33 and its two-hundred day moving average is $25.33.
New Mountain Finance Co. 8.250% Notes due 2028 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a dividend of $0.5156 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.06 annualized dividend and a dividend yield of 8.2%.
New Mountain Finance Corporation is a business development company that provides financing to middle-market businesses. The company is externally managed by New Mountain Finance Advisers LLC, an affiliate of New Mountain Capital, an investment firm focused on growth-oriented companies.
New Mountain Finance generally invests in privately held companies through senior secured loans, unitranche facilities, second-lien and unsecured debt, and selected equity investments. Its portfolio companies are typically established businesses operating in industries that New Mountain considers to have defensive or growth characteristics, including software, business services, healthcare, education, and other specialized sectors.
The company primarily serves businesses in the United States and seeks to generate income from its lending activities while also pursuing long-term capital appreciation through equity investments.
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