MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 1,131 shares, an increase of 318.9% from the June 30th total of 270 shares. Based on an average trading volume of 2,468 shares, the days-to-cover ratio is presently 0.5 days.
MidCap Financial Investment Trading Up 0.0%
NASDAQ MFICL traded up $0.00 on Monday, reaching $25.38. The company had a trading volume of 1,230 shares, compared to its average volume of 5,843. The company’s fifty day moving average is $25.38 and its 200 day moving average is $25.33. MidCap Financial Investment has a 52-week low of $25.00 and a 52-week high of $25.69.
MidCap Financial Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.50 dividend. The ex-dividend date was Monday, June 1st. 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.
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