MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,197 shares, an increase of 2,780.2% from the October 15th total of 111 shares. Based on an average daily volume of 7,591 shares, the days-to-cover ratio is presently 0.4 days.
MidCap Financial Investment Stock Performance
MidCap Financial Investment stock remained flat at $25.45 during midday trading on Tuesday. The company had a trading volume of 4,776 shares, compared to its average volume of 6,272. MidCap Financial Investment has a 52 week low of $25.00 and a 52 week high of $25.60. The business’s 50 day moving average price is $25.21 and its two-hundred day moving average price is $25.32.
MidCap Financial Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.00 annualized dividend and a yield of 7.9%.
About MidCap Financial Investment
MidCap Financial Investment Corporation is a business development company that provides financing to middle-market businesses. It primarily invests in debt, including senior secured loans, and may also make other debt and equity investments as part of its portfolio. The company is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, and focuses mainly on borrowers in the United States. It was formerly known as Apollo Investment Corporation and adopted its current name in 2023.
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