MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Down 31.7% in February

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

Wall Street Analysts Forecast Growth

MFIC has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company lowered their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.60.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $12.89 on Tuesday. The company has a market capitalization of $1.21 billion, a price-to-earnings 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. The company has a 50-day simple moving average of $13.72 and a 200 day simple moving average of $13.64. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, sell-side analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

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

Institutional Trading of MidCap Financial Investment

Institutional investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth approximately $16,771,000. Advisors Asset Management Inc. lifted its holdings in shares of MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after acquiring an additional 258,940 shares during the period. CF Capital LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth approximately $2,799,000. Stifel Financial Corp lifted its holdings in shares of MidCap Financial Investment by 403.7% during the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after acquiring an additional 192,731 shares during the period. Finally, Naviter Wealth LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth approximately $2,516,000. Institutional investors own 28.45% of the company’s stock.

About MidCap Financial Investment

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.