MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Up 66.9% in December

MidCap Financial Investment Co. (NASDAQ:MFIC) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 406,700 shares, an increase of 66.9% from the November 30th total of 243,700 shares. Based on an average trading volume of 384,700 shares, the days-to-cover ratio is currently 1.1 days.

MidCap Financial Investment Price Performance

Shares of MFIC stock traded down $0.10 during trading hours on Friday, hitting $13.55. 258,791 shares of the company’s stock were exchanged, compared to its average volume of 332,441. The firm has a 50 day moving average of $13.66 and a two-hundred day moving average of $14.00. MidCap Financial Investment has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The firm has a market cap of $1.27 billion, a P/E ratio of 8.69 and a beta of 1.49. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were given a $0.38 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.22%. MidCap Financial Investment’s dividend payout ratio (DPR) is 97.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MFIC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company lowered 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 Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, MidCap Financial Investment currently has an average rating of “Moderate Buy” and a consensus target price of $14.71.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MFIC. Nomura Asset Management Co. Ltd. boosted its holdings in MidCap Financial Investment by 71.8% in the 3rd 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of MidCap Financial Investment by 4.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock worth $294,000 after acquiring an additional 837 shares during the last quarter. Muzinich & Co. Inc. increased 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. Sumitomo Mitsui Trust Group Inc. raised its stake in MidCap Financial Investment by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after purchasing an additional 946 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in MidCap Financial Investment by 4.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock valued at $354,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors and hedge funds 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.