Short Interest in MidCap Financial Investment Co. (NASDAQ:MFIC) Drops By 14.0%

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 647,000 shares, a drop of 14.0% from the April 30th total of 752,700 shares. Approximately 0.7% of the company's stock are sold short. Based on an average daily trading volume, of 546,500 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial lowered their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Keefe, Bruyette & Woods dropped their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment presently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tyche Wealth Partners LLC lifted its stake in MidCap Financial Investment by 61.2% during the fourth quarter. Tyche Wealth Partners LLC now owns 34,228 shares of the company's stock worth $462,000 after purchasing an additional 13,000 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in MidCap Financial Investment in the fourth quarter worth approximately $607,000. Sumitomo Mitsui Trust Group Inc. grew its position in MidCap Financial Investment by 4.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,199 shares of the company's stock valued at $2,539,000 after acquiring an additional 7,443 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of MidCap Financial Investment during the fourth quarter worth approximately $155,000. Finally, Stephens Inc. AR lifted its holdings in shares of MidCap Financial Investment by 1.2% in the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after acquiring an additional 1,000 shares during the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Price Performance

MFIC traded up $0.16 during trading on Friday, reaching $13.08. 380,082 shares of the company were exchanged, compared to its average volume of 433,075. MidCap Financial Investment has a 12-month low of $10.18 and a 12-month high of $16.37. The company's 50-day moving average is $12.14 and its two-hundred day moving average is $13.14. 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 company has a market cap of $1.22 billion, a price-to-earnings ratio of 8.38 and a beta of 0.99.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $82.49 million. Research analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.62%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment's dividend payout ratio is currently 122.58%.

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.