Short Interest in MidCap Financial Investment Co. (NASDAQ:MFIC) Rises By 66.9%

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

Analyst Ratings Changes

Several research firms recently commented on MFIC. Royal Bank of Canada reiterated 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 reduced their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.71.

MidCap Financial Investment Stock Performance

MidCap Financial Investment stock traded down $0.10 during mid-day trading on Friday, reaching $13.55. 258,791 shares of the company traded hands, compared to its average volume of 332,441. MidCap Financial Investment has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The firm’s fifty day moving average is $13.66 and its two-hundred day moving average is $14.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.69 and a beta of 1.49.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.22%. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

Institutional Trading of MidCap Financial Investment

Large investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after buying an additional 809 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of MidCap Financial Investment in the 3rd quarter valued at $35,000. Brown Brothers Harriman & Co. acquired a new stake in shares of MidCap Financial Investment in the second quarter worth $81,000. Westchester Capital Management LLC purchased a new position in shares of MidCap Financial Investment during the third quarter worth $103,000. Finally, HB Wealth Management LLC acquired a new position in MidCap Financial Investment during the second quarter valued at $153,000. Hedge funds and other institutional investors 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.