Callodine Capital Management LP Acquires 153,105 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Callodine Capital Management LP raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 164.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,217 shares of the company's stock after acquiring an additional 153,105 shares during the quarter. Callodine Capital Management LP owned approximately 0.26% of MidCap Financial Investment worth $3,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Commonwealth Financial Corp PA bought a new position in MidCap Financial Investment during the fourth quarter worth about $326,000. Rockefeller Capital Management L.P. increased its holdings in shares of MidCap Financial Investment by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company's stock worth $920,000 after acquiring an additional 1,851 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in MidCap Financial Investment during the 4th quarter valued at $937,000. Legal & General Group Plc boosted its holdings in shares of MidCap Financial Investment by 30.6% during the 4th quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock worth $8,372,000 after buying an additional 145,402 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in MidCap Financial Investment by 270.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 111,956 shares of the company's stock worth $1,510,000 after acquiring an additional 81,695 shares during the last quarter. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

Shares of MFIC traded up $0.21 during trading hours on Wednesday, hitting $11.84. 125,982 shares of the company were exchanged, compared to its average volume of 416,074. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a fifty-two week low of $10.18 and a fifty-two week high of $16.37. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 7.59 and a beta of 1.13. The firm's fifty day moving average is $12.78 and its 200 day moving average is $13.34.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The firm had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a $0.38 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 12.84%. MidCap Financial Investment's dividend payout ratio (DPR) is 116.03%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of 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 given a buy rating to the company. According to MarketBeat, MidCap Financial Investment currently has an average rating of "Moderate Buy" and an average target price of $14.50.

About MidCap Financial Investment

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.