MidCap Financial Investment Co. (NASDAQ:MFIC) Short Interest Update

MidCap Financial Investment Co. (NASDAQ:MFIC) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 805,700 shares, a growth of 167.2% from the February 28th total of 301,500 shares. Based on an average daily trading volume, of 467,000 shares, the short-interest ratio is currently 1.7 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. grew its position in shares of MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after purchasing an additional 809 shares during the period. Anchor Investment Management LLC acquired a new position in MidCap Financial Investment in the 3rd quarter valued at $35,000. Allworth Financial LP lifted its holdings in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after purchasing an additional 1,699 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in MidCap Financial Investment during the 3rd quarter worth $103,000. Finally, Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth $155,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock traded down $0.20 during trading hours on Friday, reaching $13.04. The stock had a trading volume of 469,620 shares, compared to its average volume of 388,728. The stock’s 50 day moving average is $13.68 and its 200 day moving average is $13.59. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.37. The firm has a market capitalization of $1.22 billion, a PE ratio of 8.36 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $86.28 million. Equities analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.66%. MidCap Financial Investment’s dividend payout ratio (DPR) is 116.03%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.