MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Down 96.4% in March

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 40,200 shares, a decline of 96.4% from the March 15th total of 1,130,000 shares. Based on an average trading volume of 6,600 shares, the days-to-cover ratio is currently 6.1 days.

MidCap Financial Investment Trading Down 0.1 %

Shares of MidCap Financial Investment stock traded down $0.02 on Wednesday, reaching $14.96. 232,260 shares of the company were exchanged, compared to its average volume of 242,265. The firm has a market capitalization of $976.14 million, a price-to-earnings ratio of 8.22 and a beta of 1.47. MidCap Financial Investment has a fifty-two week low of $10.78 and a fifty-two week high of $15.15. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45. The stock has a fifty day moving average price of $14.42 and a 200-day moving average price of $13.81.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $71.95 million for the quarter, compared to analyst estimates of $68.44 million. MidCap Financial Investment had a return on equity of 15.50% and a net margin of 42.95%. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, analysts expect that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 10.16%. The ex-dividend date was Monday, March 11th. MidCap Financial Investment's payout ratio is 83.52%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MFIC. Tower Research Capital LLC TRC raised its position in MidCap Financial Investment by 74.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,433 shares of the company's stock valued at $33,000 after buying an additional 1,038 shares during the period. Deutsche Bank AG purchased a new stake in shares of MidCap Financial Investment during the 1st quarter worth about $40,000. Qube Research & Technologies Ltd purchased a new stake in shares of MidCap Financial Investment during the 3rd quarter worth about $41,000. Security National Bank purchased a new stake in shares of MidCap Financial Investment during the 4th quarter worth about $76,000. Finally, Comerica Bank raised its position in MidCap Financial Investment by 138,500.0% during the third quarter. Comerica Bank now owns 5,544 shares of the company's stock valued at $76,000 after acquiring an additional 5,540 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on MidCap Financial Investment from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Citigroup upped their price objective on MidCap Financial Investment from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Wells Fargo & Company upped their price objective on MidCap Financial Investment from $13.00 to $14.50 and gave the stock an "overweight" rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada upped their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.79.

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.

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