Raymond James Financial Inc. Acquires New Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Raymond James Financial Inc. purchased a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,482 shares of the company’s stock, valued at approximately $937,000. Raymond James Financial Inc. owned about 0.07% of MidCap Financial Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in MidCap Financial Investment by 403.7% during the third quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after purchasing an additional 192,731 shares during the period. Barclays PLC increased its holdings in shares of MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock worth $1,656,000 after buying an additional 123,569 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 during the period. Van ECK Associates Corp lifted its holdings in MidCap Financial Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock valued at $32,005,000 after acquiring an additional 102,406 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after acquiring an additional 93,972 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC opened at $11.50 on Friday. MidCap Financial Investment Co. has a 52 week low of $11.44 and a 52 week high of $16.37. The company has a fifty day simple moving average of $13.56 and a two-hundred day simple moving average of $13.56. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 7.37 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. As a group, equities analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 13.22%. MidCap Financial Investment’s dividend payout ratio (DPR) is 116.03%.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.60.

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.