MidCap Financial Investment (NASDAQ:MFICL) Trading 0% Higher – Here’s What Happened

MidCap Financial Investment Co. (NASDAQ:MFICL)’s share price shot up 0% during trading on Wednesday . The stock traded as high as $25.20 and last traded at $25.1640. 2,134 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 5,191 shares. The stock had previously closed at $25.16.

MidCap Financial Investment Price Performance

The business has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $25.39.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Monday, December 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.