Hennion & Walsh Asset Management Inc. Has $4.81 Million Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Hennion & Walsh Asset Management Inc. boosted its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 356,657 shares of the company's stock after purchasing an additional 35,341 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.38% of MidCap Financial Investment worth $4,811,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MFIC. Nomura Asset Management Co. Ltd. boosted its position in shares of MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after purchasing an additional 809 shares in the last quarter. Anchor Investment Management LLC bought a new position in MidCap Financial Investment during the third quarter worth about $35,000. Brown Brothers Harriman & Co. bought a new position in MidCap Financial Investment during the second quarter worth about $81,000. Westchester Capital Management LLC acquired a new position in MidCap Financial Investment in the third quarter valued at about $103,000. Finally, ProShare Advisors LLC bought a new stake in shares of MidCap Financial Investment in the second quarter worth about $159,000. Institutional investors own 28.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MFIC shares. Wells Fargo & Company cut 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 note on Tuesday, October 29th. Royal Bank of Canada restated a "sector perform" rating and set a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.71.

MidCap Financial Investment Stock Up 0.1 %

MidCap Financial Investment stock traded up $0.02 during mid-day trading on Thursday, reaching $13.43. The company's stock had a trading volume of 352,962 shares, compared to its average volume of 321,076. The business's 50 day simple moving average is $13.67 and its 200 day simple moving average is $13.82. 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 Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.61 and a beta of 1.48.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.32%. MidCap Financial Investment's dividend payout ratio is 97.44%.

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.