Short Interest in MidCap Financial Investment Co. (NASDAQ:MFIC) Declines By 21.1%

MidCap Financial Investment Co. (NASDAQ:MFIC) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 321,800 shares, a decrease of 21.1% from the October 15th total of 407,700 shares. Based on an average daily volume of 399,000 shares, the days-to-cover ratio is currently 0.8 days.

MidCap Financial Investment Stock Up 1.0 %

MFIC traded up $0.14 on Friday, hitting $13.75. The company had a trading volume of 301,065 shares, compared to its average volume of 325,179. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.80 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.02 and a current ratio of 8.51. MidCap Financial Investment has a 12-month low of $12.26 and a 12-month high of $16.36. The stock has a fifty day moving average price of $13.46 and a 200-day moving average price of $14.38.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors have recently modified their holdings of MFIC. Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 49.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock valued at $30,079,000 after buying an additional 755,436 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of MidCap Financial Investment in the third quarter valued at $4,172,000. International Assets Investment Management LLC increased its stake in shares of MidCap Financial Investment by 1,208.0% in the third quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock valued at $3,772,000 after purchasing an additional 260,137 shares during the period. Advisors Asset Management Inc. boosted its position in 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. Finally, Stifel Financial Corp grew its stake in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock valued at $3,220,000 after buying an additional 192,731 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MFIC shares. Wells Fargo & Company lowered their target price 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 Tuesday, October 29th. Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Finally, Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment has a consensus rating of “Moderate Buy” and a consensus target price of $14.86.

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.