Capital Market Strategies LLC Purchases New Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Capital Market Strategies LLC purchased a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,276 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MFIC. Farther Finance Advisors LLC boosted its holdings in shares of MidCap Financial Investment by 4.6% during the second quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock valued at $354,000 after acquiring an additional 1,025 shares during the period. International Assets Investment Management LLC boosted its stake in MidCap Financial Investment by 5.0% during the 1st quarter. International Assets Investment Management LLC now owns 21,951 shares of the company’s stock valued at $327,000 after purchasing an additional 1,041 shares during the period. Janney Montgomery Scott LLC grew its position in MidCap Financial Investment by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company’s stock worth $312,000 after purchasing an additional 1,048 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of MidCap Financial Investment by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock valued at $2,739,000 after purchasing an additional 1,057 shares during the period. Finally, Virtu Financial LLC raised its stake in MidCap Financial Investment by 11.8% during the 1st quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock valued at $204,000 after acquiring an additional 1,429 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Monday, August 5th. Wells Fargo & Company decreased their target price on MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Compass Point raised MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

MidCap Financial Investment Stock Up 0.4 %

Shares of MidCap Financial Investment stock opened at $13.22 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36. The stock has a 50-day moving average price of $13.63 and a 200 day moving average price of $14.69. The company has a market cap of $862.64 million, a P/E ratio of 7.55 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. The business had revenue of $69.16 million during the quarter, compared to analysts’ expectations of $68.02 million. During the same period last year, the company posted $0.44 earnings per share. As a group, analysts expect that MidCap Financial Investment Co. will post 1.72 EPS for the current fiscal year.

MidCap Financial Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.50%. This is a positive change from MidCap Financial Investment’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 86.86%.

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.