68,753 Shares in MidCap Financial Investment Co. (NASDAQ:MFIC) Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC bought a new stake in 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 & Exchange Commission. The fund bought 68,753 shares of the company's stock, valued at approximately $927,000. Whipplewood Advisors LLC owned 0.07% of MidCap Financial Investment at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MFIC. Janney Montgomery Scott LLC grew its holdings in MidCap Financial Investment by 269.8% during the third quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company's stock worth $847,000 after acquiring an additional 46,176 shares during the period. JPMorgan Chase & Co. grew its holdings in MidCap Financial Investment by 273.7% during the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company's stock worth $1,897,000 after acquiring an additional 103,741 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in MidCap Financial Investment during the third quarter worth $692,000. Barclays PLC grew its holdings in MidCap Financial Investment by 190,106.2% in the third quarter. Barclays PLC now owns 123,634 shares of the company's stock valued at $1,656,000 after purchasing an additional 123,569 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock valued at $5,116,000 after purchasing an additional 93,972 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on MFIC shares. Wells Fargo & Company lowered their target price on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday. Royal Bank of Canada reissued a "sector perform" rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, MidCap Financial Investment has a consensus rating of "Moderate Buy" and a consensus price target of $14.60.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC traded up $0.07 on Friday, hitting $13.78. The company had a trading volume of 636,107 shares, compared to its average volume of 361,210. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.36. The business has a 50 day moving average of $13.83 and a 200 day moving average of $13.70. The company has a market cap of $1.29 billion, a PE ratio of 8.83 and a beta of 1.48.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The business had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. As a group, equities analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 11.03%. MidCap Financial Investment's dividend payout ratio (DPR) is presently 116.03%.

About MidCap Financial Investment

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.