MidCap Financial Investment Co. (NASDAQ:MFICL) Short Interest Down 19.0% in March

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,716 shares, a drop of 19.0% from the February 26th total of 8,296 shares. Based on an average daily trading volume, of 9,458 shares, the days-to-cover ratio is currently 0.7 days.

MidCap Financial Investment Stock Up 0.4%

NASDAQ MFICL traded up $0.10 on Wednesday, reaching $25.25. The company had a trading volume of 1,042 shares, compared to its average volume of 6,301. MidCap Financial Investment has a 1 year low of $25.00 and a 1 year high of $25.75. The firm has a 50-day moving average of $25.31 and a 200-day moving average of $25.31.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Friday, February 27th.

About MidCap Financial Investment

MidCap Financial Investment (NASDAQ: MFICL) is an externally managed business development company that provides customized financing solutions to privately held, lower middle-market companies in the United States. The company has elected to be treated as a business development company under the Investment Company Act of 1940 and is advised by MidCap Financial LLC, a specialized private credit investment firm.

The firm’s investment strategy centers on debt and equity financings, including senior secured loans, unitranche structures, mezzanine debt and equity co-investments.