New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Sees Significant Growth in Short Interest

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,482 shares, a growth of 89.0% from the May 14th total of 784 shares. Based on an average daily trading volume, of 9,622 shares, the days-to-cover ratio is currently 0.2 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 $0.03 during mid-day trading on Friday, hitting $25.36. 3,001 shares of the company’s stock were exchanged, compared to its average volume of 11,185. New Mountain Finance Co. 8.250% Notes due 2028 has a 1-year low of $25.01 and a 1-year high of $25.82. The stock has a 50 day moving average of $25.37 and a two-hundred day moving average of $25.33.

New Mountain Finance Co. 8.250% Notes due 2028 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Friday, May 1st.

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.