MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 8,296 shares, an increase of 15.6% from the February 12th total of 7,174 shares. Based on an average daily trading volume, of 10,713 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 10,713 shares, the short-interest ratio is currently 0.8 days.
MidCap Financial Investment Price Performance
MFICL stock remained flat at $25.25 during mid-day trading on Tuesday. 4,179 shares of the company’s stock traded hands, compared to its average volume of 7,262. The stock’s fifty day moving average is $25.31 and its two-hundred day moving average is $25.32. MidCap Financial Investment has a 52 week low of $25.00 and a 52 week high of $25.75.
MidCap Financial Investment Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 27th. This represents a $2.00 annualized dividend and a dividend 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.
Further Reading
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