Naviter Wealth LLC purchased a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 186,505 shares of the company's stock, valued at approximately $2,516,000. Naviter Wealth LLC owned about 0.20% of MidCap Financial Investment as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position in 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 buying an additional 809 shares during the last quarter. Allworth Financial LP increased its holdings in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after acquiring an additional 1,699 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of MidCap Financial Investment in the 3rd quarter valued at approximately $35,000. Westchester Capital Management LLC acquired a new stake in MidCap Financial Investment in the 3rd quarter worth approximately $103,000. Finally, Entropy Technologies LP acquired a new stake in MidCap Financial Investment in the 4th quarter worth approximately $155,000. Institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Stock Performance
MFIC stock traded up $0.36 on Wednesday, reaching $12.78. 2,165,770 shares of the company were exchanged, compared to its average volume of 381,408. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.37. The stock's fifty day moving average price is $13.78 and its 200 day moving average price is $13.67. The firm has a market capitalization of $1.20 billion, a PE ratio of 8.19 and a beta of 1.49.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $82.16 million during the quarter, compared to analysts' expectations of $86.28 million. On average, research analysts anticipate that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.
MidCap Financial Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date is Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is 116.03%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on MFIC shares. Royal Bank of Canada restated a "sector perform" rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company dropped their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, MidCap Financial Investment presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.60.
Check Out Our Latest Report on MidCap Financial Investment
MidCap Financial Investment Profile
(
Free Report)
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.
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