Hennion & Walsh Asset Management Inc. Purchases 58,188 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 321,316 shares of the company's stock after purchasing an additional 58,188 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.49% of MidCap Financial Investment worth $4,302,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MFIC. Farther Finance Advisors LLC grew its stake in MidCap Financial Investment by 4.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company's stock valued at $354,000 after buying an additional 1,025 shares in the last quarter. International Assets Investment Management LLC grew its stake 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 buying an additional 1,041 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in MidCap Financial Investment by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company's stock valued at $312,000 after buying an additional 1,048 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake 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 buying an additional 1,057 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in MidCap Financial Investment by 11.8% in the 1st quarter. Virtu Financial LLC now owns 13,559 shares of the company's stock valued at $204,000 after buying an additional 1,429 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC traded up $0.22 during mid-day trading on Thursday, reaching $13.47. 300,879 shares of the company were exchanged, compared to its average volume of 321,498. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $878.96 million, a PE ratio of 7.70 and a beta of 1.50. The company's 50 day moving average price is $13.57 and its 200 day moving average price is $14.55.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.02. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. The company had revenue of $69.16 million during the quarter, compared to the consensus estimate of $68.02 million. During the same period in the previous year, the firm posted $0.44 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were paid a $0.38 dividend. The ex-dividend date 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 11.28%. MidCap Financial Investment's payout ratio is currently 86.86%.

Analyst Ratings Changes

A number of research firms have recently commented on MFIC. Wells Fargo & Company reduced their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, July 29th. Compass Point upgraded shares of MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a research report on Thursday, July 25th. 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 target for the company in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

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.