Oppenheimer & Co. Inc. Makes New $221,000 Investment in MidCap Financial Investment Co. (NASDAQ:MFIC)

Oppenheimer & Co. Inc. acquired a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,387 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. raised its position in shares of MidCap Financial Investment by 139.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after acquiring an additional 258,940 shares in the last quarter. Stifel Financial Corp raised its position in shares of MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after acquiring an additional 192,731 shares in the last quarter. Barclays PLC increased its position in MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after buying an additional 123,569 shares in the last quarter. JPMorgan Chase & Co. increased its position in MidCap Financial Investment by 273.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after buying an additional 103,741 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in MidCap Financial Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock valued at $32,005,000 after buying an additional 102,406 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MFIC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company reduced their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.60.

MidCap Financial Investment Stock Up 1.4 %

MidCap Financial Investment stock opened at $13.36 on Monday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 8.56 and a beta of 1.49. The stock has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $13.69. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.37. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $82.16 million during the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Equities analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.38%. The ex-dividend date of this dividend is Tuesday, March 11th. MidCap Financial Investment’s payout ratio is 116.03%.

MidCap Financial Investment Company 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.