Foundations Investment Advisors LLC Invests $4.17 Million in MidCap Financial Investment Co. (NASDAQ:MFIC)

Foundations Investment Advisors LLC acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 311,566 shares of the company's stock, valued at approximately $4,172,000. Foundations Investment Advisors LLC owned approximately 0.48% of MidCap Financial Investment at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its position in MidCap Financial Investment by 20.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,738 shares of the company's stock valued at $188,000 after acquiring an additional 2,377 shares in the last quarter. International Assets Investment Management LLC lifted its position in MidCap Financial Investment by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 21,951 shares of the company's stock valued at $327,000 after acquiring an additional 1,041 shares in the last quarter. Register Financial Advisors LLC bought a new position in MidCap Financial Investment in the 1st quarter valued at about $114,000. Hennion & Walsh Asset Management Inc. lifted its position in MidCap Financial Investment by 10.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 220,405 shares of the company's stock valued at $3,315,000 after acquiring an additional 21,217 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in MidCap Financial Investment by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company's stock valued at $2,739,000 after acquiring an additional 1,057 shares in the last quarter. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Stock Performance

Shares of MFIC stock traded down $0.04 during trading hours on Wednesday, hitting $13.25. 354,966 shares of the company were exchanged, compared to its average volume of 321,572. The firm has a fifty day simple moving average of $13.57 and a 200 day simple moving average of $14.56. The stock has a market capitalization of $864.60 million, a price-to-earnings ratio of 7.55 and a beta of 1.50. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.36. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $69.16 million during the quarter, compared to the consensus estimate of $68.02 million. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. During the same period last year, the firm earned $0.44 EPS. Research analysts predict that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from MidCap Financial Investment's previous quarterly dividend of $0.20. This represents a $1.52 annualized dividend and a yield of 11.47%. MidCap Financial Investment's dividend payout ratio (DPR) is 86.86%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Compass Point upgraded shares of MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 price objective for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded shares of MidCap Financial Investment from a "market perform" rating to an "outperform" rating and set a $15.00 price objective for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.00.

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.