DKM Wealth Management Inc. Buys Shares of 23,500 MidCap Financial Investment Co. (NASDAQ:MFIC)

DKM Wealth Management Inc. bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,500 shares of the company's stock, valued at approximately $317,000.

Several other large investors have also recently bought and sold shares of the stock. Stifel Financial Corp lifted its holdings in shares of MidCap Financial Investment by 403.7% in the third quarter. Stifel Financial Corp now owns 240,478 shares of the company's stock valued at $3,220,000 after buying an additional 192,731 shares during the period. Naviter Wealth LLC bought a new stake in MidCap Financial Investment in the fourth quarter worth about $2,516,000. Barclays PLC lifted its holdings in MidCap Financial Investment by 190,106.2% in the 3rd quarter. Barclays PLC now owns 123,634 shares of the company's stock valued at $1,656,000 after acquiring an additional 123,569 shares during the last quarter. JPMorgan Chase & Co. boosted 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 purchasing an additional 103,741 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of MidCap Financial Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company's stock valued at $32,005,000 after purchasing an additional 102,406 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.60.

MidCap Financial Investment Trading Down 6.8 %

Shares of NASDAQ:MFIC traded down $0.79 during midday trading on Monday, reaching $10.71. The company had a trading volume of 1,066,857 shares, compared to its average volume of 398,695. The company has a fifty day simple moving average of $13.56 and a two-hundred day simple moving average of $13.56. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 6.86 and a beta of 1.13. MidCap Financial Investment Co. has a 1-year low of $10.55 and a 1-year high of $16.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The company had revenue of $82.16 million during the quarter, compared to analysts' expectations of $86.28 million. Research analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 14.19%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's payout ratio is 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.