MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 111 shares, a decrease of 82.4% from the September 30th total of 630 shares. Based on an average daily volume of 4,898 shares, the short-interest ratio is presently 0.0 days.
MidCap Financial Investment Trading Up 0.3%
Shares of NASDAQ MFICL traded up $0.07 during mid-day trading on Tuesday, hitting $25.34. The company had a trading volume of 16,189 shares, compared to its average volume of 6,099. MidCap Financial Investment has a 12 month low of $25.00 and a 12 month high of $25.60. The firm’s 50 day simple moving average is $25.24 and its two-hundred day simple moving average is $25.31.
MidCap Financial Investment Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Tuesday, September 1st.
About MidCap Financial Investment
MidCap Financial Investment Corporation is a business development company (BDC) that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans and other debt securities, with the objective of generating current income and, to a lesser extent, capital appreciation.
Its investment portfolio may include first-lien, second-lien and unitranche loans, as well as subordinated debt and equity-related investments. MidCap Financial Investment Corporation generally focuses on established companies across a range of industries and seeks to structure customized financing solutions, including acquisitions, recapitalizations, refinancing and growth initiatives.
The company is externally managed by MidCap Financial Investment Management, an affiliate of Apollo Global Management.
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