MidCap Financial Investment Co. (NASDAQ:MFIC) Sees Large Decline in Short Interest

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 301,500 shares, a drop of 31.7% from the February 13th total of 441,600 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 437,900 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On MidCap Financial Investment

Hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock valued at $26,000 after acquiring an additional 809 shares during the period. Anchor Investment Management LLC acquired a new position in MidCap Financial Investment in the 3rd quarter worth about $35,000. Allworth Financial LP raised its holdings in shares of MidCap Financial Investment by 197.8% during the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after acquiring an additional 1,699 shares during the last quarter. Westchester Capital Management LLC acquired a new position in MidCap Financial Investment during the third quarter worth about $103,000. Finally, Entropy Technologies LP purchased a new position in shares of MidCap Financial Investment during the 4th quarter worth $155,000. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Stock Performance

Shares of MFIC traded down $0.06 during mid-day trading on Wednesday, hitting $12.91. 195,805 shares of the company traded hands, compared to its average volume of 382,733. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.28 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The stock has a 50-day moving average price of $13.72 and a two-hundred day moving average price of $13.64. MidCap Financial Investment has a 1 year low of $12.26 and a 1 year high of $16.37.

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

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.78%. The ex-dividend date of this dividend is Tuesday, March 11th. MidCap Financial Investment's payout ratio is 116.03%.

Wall Street Analysts Forecast Growth

MFIC has been the subject of several research reports. Wells Fargo & Company cut their price target on 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, MidCap Financial Investment has an average rating of "Moderate Buy" and an average price target of $14.60.

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.