Short Interest in MidCap Financial Investment Co. (NASDAQ:MFIC) Rises By 17.3%

MidCap Financial Investment Co. (NASDAQ:MFIC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 544,100 shares, a growth of 17.3% from the August 31st total of 464,000 shares. Based on an average daily volume of 462,600 shares, the short-interest ratio is presently 1.2 days.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC traded up $0.02 during trading on Monday, hitting $13.42. 253,680 shares of the stock traded hands, compared to its average volume of 317,929. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.51. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The company has a market cap of $875.70 million, a price-to-earnings ratio of 7.66 and a beta of 1.50. The company has a fifty day moving average price of $13.76 and a two-hundred day moving average price of $14.73.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million during the quarter, compared to analysts’ expectations of $68.02 million. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. During the same quarter last year, the company posted $0.44 EPS. As a group, equities analysts predict that MidCap Financial Investment will post 1.72 EPS for the current year.

MidCap Financial Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.33%. This is an increase from MidCap Financial Investment’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio is 86.86%.

Wall Street Analyst Weigh In

MFIC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upgraded shares of 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. Finally, Wells Fargo & Company decreased their target price on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Institutional Trading of MidCap Financial Investment

Several large investors have recently bought and sold shares of the company. Security National Bank acquired a new stake in MidCap Financial Investment in the fourth quarter valued at $76,000. Tucker Asset Management LLC acquired a new position in MidCap Financial Investment during the fourth quarter worth about $81,000. Brown Brothers Harriman & Co. bought a new stake in shares of MidCap Financial Investment in the 2nd quarter worth approximately $81,000. Register Financial Advisors LLC bought a new position in shares of MidCap Financial Investment in the first quarter valued at $114,000. Finally, Accel Wealth Management purchased a new stake in shares of MidCap Financial Investment during the second quarter valued at $151,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.