MidCap Financial Investment Co. (NASDAQ:MFICL) Short Interest Down 19.0% in March

MidCap Financial Investment Co. (NASDAQ:MFICLGet Free Report) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 6,716 shares, a decline of 19.0% from the February 26th total of 8,296 shares. Based on an average daily trading volume, of 9,458 shares, the days-to-cover ratio is presently 0.7 days.

MidCap Financial Investment Price Performance

NASDAQ MFICL traded down $0.05 during trading on Tuesday, reaching $25.15. The company’s stock had a trading volume of 2,560 shares, compared to its average volume of 6,388. MidCap Financial Investment has a 1-year low of $25.00 and a 1-year high of $25.75. The business has a 50-day moving average price of $25.31 and a 200-day moving average price of $25.31.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was Friday, February 27th.

MidCap Financial Investment Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for MidCap Financial Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidCap Financial Investment and related companies with MarketBeat.com's FREE daily email newsletter.