MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Down 61.8% in July

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 381,700 shares, a decline of 61.8% from the July 15th total of 1,000,000 shares. Based on an average daily trading volume, of 372,300 shares, the days-to-cover ratio is presently 1.0 days.

MidCap Financial Investment Stock Up 2.0 %

Shares of NASDAQ MFIC traded up $0.27 during trading on Thursday, reaching $13.60. The company had a trading volume of 608,575 shares, compared to its average volume of 298,566. MidCap Financial Investment has a 12-month low of $12.26 and a 12-month high of $16.36. The stock has a market cap of $887.44 million, a PE ratio of 7.77 and a beta of 1.50. The business's 50-day moving average is $14.79 and its 200 day moving average is $14.83. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million for the quarter, compared to the consensus estimate of $68.02 million. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, equities analysts forecast that MidCap Financial Investment will post 1.71 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th will be issued a $0.38 dividend. This is an increase from MidCap Financial Investment's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.18%. MidCap Financial Investment's dividend payout ratio is currently 86.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Security National Bank purchased a new stake in MidCap Financial Investment in the fourth quarter worth about $76,000. Tucker Asset Management LLC purchased a new stake in MidCap Financial Investment in the fourth quarter worth about $81,000. Brown Brothers Harriman & Co. purchased a new stake in MidCap Financial Investment in the second quarter worth about $81,000. Cape Investment Advisory Inc. purchased a new stake in MidCap Financial Investment in the fourth quarter worth about $92,000. Finally, Register Financial Advisors LLC purchased a new stake in MidCap Financial Investment in the first quarter worth about $114,000. Institutional investors own 28.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MFIC shares. Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a "market perform" rating to an "outperform" rating and set a $15.00 target price for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. reduced their target price on MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, July 29th. Compass Point raised MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 target price on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company reduced their target price on MidCap Financial Investment from $16.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MidCap Financial Investment has an average rating of "Moderate Buy" and an average price target of $15.00.

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.

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