Steward Partners Investment Advisory LLC Has $430,000 Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Steward Partners Investment Advisory LLC grew its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,881 shares of the company’s stock after buying an additional 6,927 shares during the period. Steward Partners Investment Advisory LLC’s holdings in MidCap Financial Investment were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of MidCap Financial Investment by 269.8% in the third quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company’s stock valued at $847,000 after buying an additional 46,176 shares during the period. JPMorgan Chase & Co. increased its stake in shares of MidCap Financial Investment by 273.7% in the third 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 during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of MidCap Financial Investment in the third quarter valued at about $692,000. Barclays PLC increased its stake in shares of MidCap Financial Investment by 190,106.2% in the third 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 during the period. Finally, Franklin Resources Inc. increased its stake in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after buying an additional 93,972 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

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

MidCap Financial Investment Stock Up 2.9 %

Shares of MidCap Financial Investment stock opened at $12.78 on Thursday. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The stock’s 50-day moving average is $13.76 and its 200 day moving average is $13.67. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 8.19 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $82.16 million for 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 research analysts anticipate that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 11.89%. MidCap Financial Investment’s payout ratio is currently 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.