MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Update

MidCap Financial Investment Co. (NASDAQ:MFIC) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 301,500 shares, a decrease of 31.7% from the February 13th total of 441,600 shares. Based on an average daily volume of 437,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

MidCap Financial Investment Price Performance

MFIC traded down $0.07 during trading on Monday, reaching $12.89. The stock had a trading volume of 410,678 shares, compared to its average volume of 384,200. The stock has a market cap of $1.21 billion, a PE ratio of 8.26 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.37. The business has a 50-day moving average of $13.73 and a 200-day moving average of $13.65.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. As a group, equities research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.79%. MidCap Financial Investment’s dividend payout ratio is currently 116.03%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MFIC. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company decreased their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

Institutional Trading of MidCap Financial Investment

Institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after buying an additional 946 shares during the period. Muzinich & Co. Inc. lifted its holdings in MidCap Financial Investment by 0.5% in the third quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock worth $2,499,000 after buying an additional 946 shares during the period. Stephens Inc. AR lifted its holdings in MidCap Financial Investment by 1.2% in the fourth quarter. Stephens Inc. AR now owns 84,491 shares of the company’s stock worth $1,140,000 after buying an additional 1,000 shares during the period. Finally, Allworth Financial LP lifted its holdings in MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after buying an additional 1,699 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.