Short Interest in New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Declines By 86.2%

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,721 shares, a decline of 86.2% from the June 30th total of 27,040 shares. Based on an average daily trading volume, of 9,286 shares, the days-to-cover ratio is currently 0.4 days.

New Mountain Finance Co. 8.250% Notes due 2028 Price Performance

Shares of NMFCZ traded up $0.02 during mid-day trading on Friday, hitting $25.52. The stock had a trading volume of 7,432 shares, compared to its average volume of 11,497. 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. The company’s fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $25.35.

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, August 17th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.5156 per share. The ex-dividend date is Friday, July 31st. This represents a $2.06 annualized dividend and a 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.