Sharpepoint LLC bought a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 55,919 shares of the company's stock, valued at approximately $754,000. Sharpepoint LLC owned about 0.06% of MidCap Financial Investment at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment during the third quarter worth approximately $35,000. Allworth Financial LP grew its position in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after buying an additional 1,699 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock valued at $91,000 after buying an additional 4,793 shares during the period. Entropy Technologies LP bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth about $155,000. Finally, StoneX Group Inc. bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth about $180,000. 28.45% of the stock is currently owned by institutional investors.
MidCap Financial Investment Price Performance
Shares of MFIC traded up $0.10 during mid-day trading on Friday, hitting $12.05. The company's stock had a trading volume of 140,011 shares, compared to its average volume of 416,603. MidCap Financial Investment Co. has a fifty-two week low of $10.18 and a fifty-two week high of $16.37. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.72 and a beta of 1.13. The firm has a 50-day moving average price of $12.68 and a 200 day moving average price of $13.33. 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 (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, meeting the consensus estimate of $0.40. The company had revenue of $82.16 million for the quarter, compared to analysts' expectations of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. On average, research analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.
MidCap Financial Investment Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.62%. MidCap Financial Investment's dividend payout ratio (DPR) is 116.03%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on 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. Finally, JPMorgan Chase & Co. dropped their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.
Check Out Our Latest Stock Analysis on MFIC
MidCap Financial Investment Company 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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