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

MidCap Financial Investment Co. (NASDAQ:MFIC) saw a significant decrease in short interest in 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. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 437,900 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of MidCap Financial Investment

A number of hedge funds and other institutional investors have recently modified their holdings of MFIC. Janney Montgomery Scott LLC boosted its stake in MidCap Financial Investment by 269.8% in the third quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company’s stock valued at $847,000 after acquiring an additional 46,176 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of MidCap Financial Investment by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after purchasing an additional 946 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of MidCap Financial Investment during the third quarter worth $428,000. Muzinich & Co. Inc. boosted its position in shares of MidCap Financial Investment by 0.5% during the third quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock worth $2,499,000 after purchasing an additional 946 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

MFIC has been the subject of several research reports. Wells Fargo & Company reduced their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. 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 currently has an average rating of “Moderate Buy” and an average target price of $14.60.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $12.89 on Tuesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 8.26 and a beta of 1.49. The company has a 50 day moving average of $13.72 and a 200-day moving average of $13.64. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $82.16 million during the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, equities analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 dividend yield of 11.79%. The ex-dividend date is Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio is currently 116.03%.

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.