MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 12 shares, a decrease of 99.6% from the April 30th total of 3,123 shares. Based on an average daily volume of 9,017 shares, the days-to-cover ratio is currently 0.0 days.
MidCap Financial Investment Price Performance
MidCap Financial Investment stock traded down $0.05 during mid-day trading on Thursday, reaching $25.53. 403 shares of the company’s stock traded hands, compared to its average volume of 6,338. MidCap Financial Investment has a 12-month low of $25.00 and a 12-month high of $25.69. The stock has a 50 day moving average of $25.34 and a two-hundred day moving average of $25.31.
MidCap Financial Investment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.00 dividend on an annualized basis and a yield of 7.8%.
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.
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