Short Interest in MidCap Financial Investment Co. (NASDAQ:MFICL) Drops By 15.4%

MidCap Financial Investment Co. (NASDAQ:MFICL) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 424 shares, a decline of 15.4% from the March 31st total of 501 shares. Based on an average daily volume of 5,362 shares, the days-to-cover ratio is presently 0.1 days.

MidCap Financial Investment Price Performance

MFICL stock traded up $0.07 during midday trading on Friday, hitting $25.42. 2,506 shares of the company’s stock were exchanged, compared to its average volume of 6,057. MidCap Financial Investment has a 12-month low of $25.00 and a 12-month high of $25.73. The firm has a 50 day moving average price of $25.25 and a 200-day moving average price of $25.30.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Sunday, March 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 27th. This represents a $2.00 annualized dividend and a yield of 7.9%.

MidCap Financial Investment Company Profile

MidCap Financial Investment (NASDAQ: MFICL) is an externally managed business development company that provides customized financing solutions to privately held, lower middle-market companies in the United States. The company has elected to be treated as a business development company under the Investment Company Act of 1940 and is advised by MidCap Financial LLC, a specialized private credit investment firm.

The firm’s investment strategy centers on debt and equity financings, including senior secured loans, unitranche structures, mezzanine debt and equity co-investments.