MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 111 shares, a decrease of 82.4% from the September 30th total of 630 shares. Based on an average daily volume of 4,898 shares, the short-interest ratio is currently 0.0 days.
MidCap Financial Investment Stock Performance
Shares of MFICL traded up $0.07 during mid-day trading on Tuesday, reaching $25.34. 16,189 shares of the company’s stock traded hands, compared to its average volume of 6,099. The business’s 50-day moving average price is $25.24 and its 200-day moving average price is $25.31. MidCap Financial Investment has a 12 month low of $25.00 and a 12 month high of $25.60.
MidCap Financial Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.9%. The ex-dividend date was Tuesday, September 1st.
About MidCap Financial Investment
MidCap Financial Investment Corporation is a business development company (BDC) that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans and other debt securities, with the objective of generating current income and, to a lesser extent, capital appreciation.
Its investment portfolio may include first-lien, second-lien and unitranche loans, as well as subordinated debt and equity-related investments. MidCap Financial Investment Corporation generally focuses on established companies across a range of industries and seeks to structure customized financing solutions, including acquisitions, recapitalizations, refinancing and growth initiatives.
The company is externally managed by MidCap Financial Investment Management, an affiliate of Apollo Global Management.
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