Raymond James Financial Inc. bought a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 69,482 shares of the company's stock, valued at approximately $937,000. Raymond James Financial Inc. owned 0.07% of MidCap Financial Investment as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in MidCap Financial Investment by 27.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 31,881 shares of the company's stock worth $430,000 after buying an additional 6,927 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of MidCap Financial Investment by 4.0% in the 4th quarter. Muzinich & Co. Inc. now owns 194,042 shares of the company's stock valued at $2,618,000 after acquiring an additional 7,443 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of MidCap Financial Investment in the 4th quarter worth $221,000. Whipplewood Advisors LLC purchased a new stake in shares of MidCap Financial Investment during the 4th quarter worth $927,000. Finally, Sigma Planning Corp grew its stake in MidCap Financial Investment by 4.6% in the fourth quarter. Sigma Planning Corp now owns 60,438 shares of the company's stock valued at $815,000 after purchasing an additional 2,633 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Stock Performance
Shares of MidCap Financial Investment stock traded up $1.23 during midday trading on Wednesday, hitting $11.70. The company had a trading volume of 1,227,574 shares, compared to its average volume of 408,278. The company has a fifty day simple moving average of $13.27 and a 200 day simple moving average of $13.47. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 7.50 and a beta of 1.13. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 12-month low of $10.04 and a 12-month high of $16.37.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $82.16 million during the quarter, compared to analysts' expectations of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. As a group, analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.
MidCap Financial Investment Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 12.99%. MidCap Financial Investment's payout ratio is presently 116.03%.
Analyst Ratings Changes
MFIC has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday. 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 Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.50.
Check Out Our Latest Stock Analysis on MFIC
About MidCap Financial Investment
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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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