MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 270 shares, a drop of 79.2% from the June 15th total of 1,301 shares. Based on an average trading volume of 2,982 shares, the short-interest ratio is presently 0.1 days.
MidCap Financial Investment Price Performance
Shares of NASDAQ:MFICL traded down $0.01 during trading on Friday, reaching $25.37. 1,305 shares of the stock were exchanged, compared to its average volume of 6,121. MidCap Financial Investment has a 1-year low of $25.00 and a 1-year high of $25.69. The stock has a fifty day moving average of $25.39 and a two-hundred day moving average of $25.31.
MidCap Financial Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Monday, June 1st.
About MidCap Financial Investment
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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