MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Update

MidCap Financial Investment Co. (NASDAQ:MFIC) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 840,000 shares, a drop of 60.0% from the May 31st total of 2,100,000 shares. Based on an average daily trading volume, of 229,000 shares, the days-to-cover ratio is presently 3.7 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MFIC. Wells Fargo & Company raised their price target on shares of MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Compass Point downgraded shares of MidCap Financial Investment from a “buy” rating to a “neutral” rating and raised their price target for the stock from $15.50 to $16.00 in a research report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment has an average rating of “Hold” and an average price target of $15.25.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $15.22 on Friday. The business’s fifty day moving average price is $15.44 and its 200 day moving average price is $14.63. MidCap Financial Investment has a 12-month low of $12.24 and a 12-month high of $16.36. The stock has a market capitalization of $993.11 million, a PE ratio of 8.70 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.76 and a quick ratio of 2.76.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. The firm had revenue of $68.33 million for the quarter, compared to analysts’ expectations of $69.48 million. Equities research analysts forecast that MidCap Financial Investment will post 1.72 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.99%. The ex-dividend date was Tuesday, June 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 86.86%.

Institutional Investors Weigh In On MidCap Financial Investment

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC bought a new stake in MidCap Financial Investment in the first quarter valued at $161,000. Virtu Financial LLC raised its stake in shares of MidCap Financial Investment by 11.8% during the first quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock valued at $204,000 after purchasing an additional 1,429 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of MidCap Financial Investment by 11.7% during the first quarter. Advisors Asset Management Inc. now owns 141,318 shares of the company’s stock valued at $2,125,000 after purchasing an additional 14,779 shares in the last quarter. Condor Capital Management raised its stake in shares of MidCap Financial Investment by 6.1% during the first quarter. Condor Capital Management now owns 263,085 shares of the company’s stock valued at $3,957,000 after purchasing an additional 15,204 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of MidCap Financial Investment during the first quarter valued at about $532,000. 28.45% of the stock is currently owned by institutional investors.

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.