Sei Investments Co. Buys 7,353 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Sei Investments Co. grew its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 19.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,806 shares of the company’s stock after buying an additional 7,353 shares during the period. Sei Investments Co. owned approximately 0.07% of MidCap Financial Investment worth $694,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MFIC. Tucker Asset Management LLC acquired a new position in MidCap Financial Investment in the 4th quarter valued at approximately $81,000. Brown Brothers Harriman & Co. acquired a new position in shares of MidCap Financial Investment in the second quarter valued at $81,000. Register Financial Advisors LLC bought a new position in MidCap Financial Investment in the first quarter worth $114,000. Accel Wealth Management acquired a new stake in MidCap Financial Investment during the second quarter worth $151,000. Finally, HB Wealth Management LLC acquired a new stake in MidCap Financial Investment during the second quarter worth $153,000. Institutional investors own 28.45% of the company’s stock.

Analysts Set New Price Targets

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

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock opened at $13.28 on Wednesday. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36. The firm’s 50-day moving average price is $13.59 and its two-hundred day moving average price is $14.68. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $866.56 million, a price-to-earnings ratio of 7.58 and a beta of 1.50.

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

MidCap Financial Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 10th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This is a positive change from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.45%. MidCap Financial Investment’s dividend payout ratio (DPR) is 86.86%.

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.