Short Interest in MidCap Financial Investment Co. (NASDAQ:MFIC) Expands By 167.2%

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 805,700 shares, a growth of 167.2% from the February 28th total of 301,500 shares. Based on an average trading volume of 467,000 shares, the short-interest ratio is presently 1.7 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Trading of MidCap Financial Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of MidCap Financial Investment by 273.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company's stock valued at $1,897,000 after acquiring an additional 103,741 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of MidCap Financial Investment in the third quarter worth approximately $692,000. Barclays PLC increased its stake in shares of MidCap Financial Investment by 190,106.2% in the third quarter. Barclays PLC now owns 123,634 shares of the company's stock worth $1,656,000 after purchasing an additional 123,569 shares in the last quarter. Franklin Resources Inc. raised its position in shares of MidCap Financial Investment by 32.4% during the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock valued at $5,116,000 after purchasing an additional 93,972 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of MidCap Financial Investment by 74.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company's stock valued at $1,103,000 after buying an additional 34,875 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock traded down $0.18 during trading hours on Monday, reaching $12.86. 414,398 shares of the stock traded hands, compared to its average volume of 388,830. The company has a 50 day moving average price of $13.68 and a 200 day moving average price of $13.60. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.37. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.24 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $82.16 million during the quarter, compared to analysts' expectations of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, equities research analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.82%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is presently 116.03%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.60.

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.