MidCap Financial Investment Co. (NASDAQ:MFICL – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 111 shares, a drop of 82.4% from the September 30th total of 630 shares. Based on an average trading volume of 4,898 shares, the days-to-cover ratio is presently 0.0 days.
MidCap Financial Investment Stock Up 0.1%
NASDAQ:MFICL traded up $0.02 during trading on Thursday, reaching $25.33. The company’s stock had a trading volume of 5,079 shares, compared to its average volume of 6,249. MidCap Financial Investment has a 12 month low of $25.00 and a 12 month high of $25.60. The firm has a 50 day moving average of $25.23 and a 200-day moving average of $25.31.
MidCap Financial Investment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.00 annualized dividend and a yield of 7.9%.
MidCap Financial Investment Company Profile
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.
Read More
- Five stocks we like better than MidCap Financial Investment
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for MidCap Financial Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidCap Financial Investment and related companies with MarketBeat.com's FREE daily email newsletter.
