MidCap Financial Investment (NASDAQ:MFIC) Sees Strong Trading Volume - Here's Why

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 975,546 shares traded hands during mid-day trading, an increase of 130% from the previous session's volume of 423,769 shares.The stock last traded at $12.56 and had previously closed at $12.42.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MFIC shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.60.

MidCap Financial Investment Stock Up 2.4 %

The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The stock has a market capitalization of $1.22 billion, a PE ratio of 8.31 and a beta of 1.49. The business has a 50 day moving average of $13.73 and a two-hundred day moving average of $13.65.

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

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MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.73%. The ex-dividend date is Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is currently 116.03%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its position in MidCap Financial Investment by 71.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock valued at $26,000 after buying an additional 809 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment in the third quarter valued at about $35,000. Allworth Financial LP increased its holdings in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after purchasing an additional 1,699 shares during the period. Westchester Capital Management LLC acquired a new position in shares of MidCap Financial Investment in the third quarter valued at about $103,000. Finally, Entropy Technologies LP acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at about $155,000. 28.45% of the stock is owned by institutional investors and hedge funds.

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.