International Assets Investment Management LLC Acquires 260,137 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

International Assets Investment Management LLC increased its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 1,208.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,672 shares of the company's stock after purchasing an additional 260,137 shares during the quarter. International Assets Investment Management LLC owned about 0.43% of MidCap Financial Investment worth $3,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its position in MidCap Financial Investment by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company's stock valued at $2,739,000 after purchasing an additional 1,057 shares during the period. Janney Montgomery Scott LLC boosted its stake in MidCap Financial Investment by 5.3% in the first quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company's stock valued at $312,000 after acquiring an additional 1,048 shares during the last quarter. Graypoint LLC grew its holdings in MidCap Financial Investment by 2.6% during the 1st quarter. Graypoint LLC now owns 160,173 shares of the company's stock worth $2,409,000 after acquiring an additional 3,989 shares during the period. SG Americas Securities LLC bought a new stake in shares of MidCap Financial Investment during the 1st quarter valued at $532,000. Finally, Condor Capital Management lifted its stake in shares of MidCap Financial Investment by 6.1% in the 1st quarter. Condor Capital Management now owns 263,085 shares of the company's stock valued at $3,957,000 after purchasing an additional 15,204 shares during the period. Institutional investors and hedge funds own 28.45% of the company's stock.

MidCap Financial Investment Stock Down 0.7 %

MidCap Financial Investment stock traded down $0.09 during midday trading on Friday, reaching $13.28. The stock had a trading volume of 311,037 shares, compared to its average volume of 320,222. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36. The firm's fifty day simple moving average is $13.53 and its 200-day simple moving average is $14.48. The stock has a market capitalization of $1.25 billion, a P/E ratio of 7.77 and a beta of 1.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.02 and a current ratio of 3.02.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.02. The business had revenue of $69.16 million for 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 in the previous year, the company earned $0.44 earnings per share. As a group, analysts expect that MidCap Financial Investment Co. will post 1.72 EPS for the current fiscal year.

MidCap Financial Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This is a positive change from MidCap Financial Investment's previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.45%. MidCap Financial Investment's payout ratio is presently 88.89%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, July 29th. Keefe, Bruyette & Woods raised 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 note on Monday, August 5th. Compass Point raised shares of MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 price objective on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lowered their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given 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 an average target price of $14.86.

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.