New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $25.33 and traded as low as $24.95. New Mountain Finance Co. 8.250% Notes due 2028 shares last traded at $25.01, with a volume of 31,035 shares traded.
New Mountain Finance Co. 8.250% Notes due 2028 Price Performance
The business’s 50-day moving average price is $25.32 and its two-hundred day moving average price is $25.33.
New Mountain Finance Co. 8.250% Notes due 2028 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a $0.5156 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.06 annualized dividend and a 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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