Hennion & Walsh Asset Management Inc. Purchases 21,217 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Hennion & Walsh Asset Management Inc. lifted its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,405 shares of the company’s stock after purchasing an additional 21,217 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.34% of MidCap Financial Investment worth $3,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of MidCap Financial Investment by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 21,951 shares of the company’s stock worth $327,000 after buying an additional 1,041 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in MidCap Financial Investment by 10.0% in the third quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock valued at $284,000 after acquiring an additional 1,882 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in MidCap Financial Investment by 20.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 13,738 shares of the company’s stock valued at $188,000 after purchasing an additional 2,377 shares in the last quarter. Graypoint LLC lifted its stake in MidCap Financial Investment by 2.8% during the fourth quarter. Graypoint LLC now owns 156,184 shares of the company’s stock worth $2,137,000 after purchasing an additional 4,210 shares during the last quarter. Finally, Security National Bank purchased a new position in shares of MidCap Financial Investment in the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Down 0.5 %

Shares of NASDAQ MFIC opened at $15.14 on Friday. The firm has a fifty day simple moving average of $15.43 and a two-hundred day simple moving average of $14.65. MidCap Financial Investment Co. has a 12 month low of $12.35 and a 12 month high of $16.36. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $987.89 million, a PE ratio of 8.65 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $68.33 million during the quarter, compared to the consensus estimate of $69.48 million. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. Equities analysts expect that MidCap Financial Investment Co. will post 1.72 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.52 annualized dividend and a dividend yield of 10.04%. MidCap Financial Investment’s dividend payout ratio is presently 86.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Compass Point downgraded shares of MidCap Financial Investment from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $15.50 to $16.00 in a research note on Monday, June 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.25.

MidCap Financial Investment Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.