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

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted 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 buying an additional 809 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of MidCap Financial Investment by 1.2% during the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company’s stock worth $1,140,000 after buying an additional 1,000 shares in the last quarter. Allworth Financial LP lifted its position in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after buying an additional 1,699 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in MidCap Financial Investment by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company’s stock valued at $920,000 after acquiring an additional 1,851 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of MidCap Financial Investment in the third quarter worth about $35,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Up 0.8 %

MFIC stock traded up $0.11 during midday trading on Thursday, hitting $13.24. The company’s stock had a trading volume of 281,588 shares, compared to its average volume of 384,134. The company’s fifty day moving average price is $13.69 and its 200 day moving average price is $13.60. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The stock has a market capitalization of $1.24 billion, a P/E ratio of 8.50 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The firm had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. As a group, equities research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date of this dividend is Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 116.03%.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average 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.