MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,034 shares of the company's stock after acquiring an additional 88,468 shares during the period. Foundations Investment Advisors LLC owned about 0.43% of MidCap Financial Investment worth $5,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of MidCap Financial Investment by 49.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company's stock worth $30,079,000 after acquiring an additional 755,436 shares in the last quarter. International Assets Investment Management LLC grew its stake in MidCap Financial Investment by 1,208.0% in the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company's stock valued at $3,772,000 after acquiring an additional 260,137 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company's stock worth $5,952,000 after purchasing an additional 258,940 shares in the last quarter. Stifel Financial Corp raised 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 worth $3,220,000 after acquiring an additional 192,731 shares during the last quarter. Finally, Barclays PLC raised its stake 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 purchasing an additional 123,569 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on MFIC. Wells Fargo & Company increased their target price on MidCap Financial Investment from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, MidCap Financial Investment presently has an average rating of "Moderate Buy" and a consensus price target of $14.86.

MidCap Financial Investment Stock Up 0.2 %

Shares of MidCap Financial Investment stock traded up $0.03 during trading hours on Friday, hitting $14.00. 377,285 shares of the company's stock traded hands, compared to its average volume of 315,918. 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 twelve month low of $12.26 and a twelve month high of $16.36. The stock has a 50 day simple moving average of $13.67 and a 200-day simple moving average of $13.70. The company has a market cap of $1.31 billion, a PE ratio of 8.97 and a beta of 1.48.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.14 million for the quarter, compared to analyst estimates of $82.68 million. During the same period in the prior year, the company posted $0.43 EPS. Equities research 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 10.86%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment's dividend payout ratio is currently 97.44%.

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.