MidCap Financial Investment Corporation (NASDAQ:MFIC) Short Interest Up 40.8% in May

MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 911,200 shares, a growth of 40.8% from the May 15th total of 647,000 shares. Approximately 1.0% of the company's stock are short sold. Based on an average daily volume of 514,100 shares, the short-interest ratio is presently 1.8 days.

MidCap Financial Investment Stock Up 0.3%

Shares of MFIC stock traded up $0.04 on Thursday, reaching $12.28. 306,410 shares of the stock were exchanged, compared to its average volume of 441,406. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.90 and a beta of 0.99. The business's 50 day moving average price is $12.31 and its 200 day moving average price is $13.05. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 1.39. MidCap Financial Investment has a twelve month low of $10.18 and a twelve month high of $15.70.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). MidCap Financial Investment had a return on equity of 10.66% and a net margin of 33.21%. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a yield of 12.38%. MidCap Financial Investment's payout ratio is currently 122.58%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of MidCap Financial Investment

Institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at $16,771,000. Invesco Ltd. boosted its stake in MidCap Financial Investment by 16.8% in the first quarter. Invesco Ltd. now owns 878,563 shares of the company's stock valued at $11,298,000 after acquiring an additional 126,156 shares in the last quarter. Cura Wealth Advisors LLC grew its holdings in shares of MidCap Financial Investment by 354.2% during the first quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company's stock worth $8,341,000 after purchasing an additional 505,807 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of MidCap Financial Investment by 30.6% during the fourth quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock worth $8,372,000 after purchasing an additional 145,402 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of MidCap Financial Investment by 32.7% during the first quarter. LPL Financial LLC now owns 562,137 shares of the company's stock worth $7,229,000 after purchasing an additional 138,454 shares in the last quarter. 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.