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

MidCap Financial Investment Co. (NASDAQ:MFICL) was the recipient of a large decline in short interest during the month of 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 volume of 9,458 shares, the short-interest ratio is presently 0.7 days.

MidCap Financial Investment Price Performance

NASDAQ:MFICL traded down $0.00 during trading hours on Monday, reaching $25.20. 1,534 shares of the company traded hands, compared to its average volume of 6,523. The firm’s 50-day moving average is $25.31 and its 200-day moving average is $25.31. MidCap Financial Investment has a 1-year low of $25.00 and a 1-year high of $25.75.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.9%. The ex-dividend date was Friday, February 27th.

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.