Comerica Bank Has $1.20 Million Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Comerica Bank lifted its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 1,563.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,171 shares of the company's stock after purchasing an additional 83,810 shares during the quarter. Comerica Bank owned about 0.10% of MidCap Financial Investment worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MFIC. Allworth Financial LP increased its holdings in MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after purchasing an additional 1,699 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of 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 worth $91,000 after acquiring an additional 4,793 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of MidCap Financial Investment during the 4th quarter worth about $155,000. StoneX Group Inc. purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at about $180,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of MidCap Financial Investment during the 4th quarter worth about $221,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Stock Down 1.3%

MidCap Financial Investment stock traded down $0.16 during midday trading on Wednesday, hitting $12.62. 432,618 shares of the company were exchanged, compared to its average volume of 426,101. The company's fifty day moving average price is $12.18 and its 200-day moving average price is $13.21. MidCap Financial Investment Co. has a fifty-two week low of $10.18 and a fifty-two week high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The company has a market cap of $1.18 billion, a PE ratio of 8.09 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The company had revenue of $78.70 million during the quarter, compared to analyst estimates of $82.49 million. On average, research analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 12.04%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment's payout ratio is 116.03%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MFIC. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Truist Financial reduced their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company cut their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.00.

MidCap Financial Investment Company 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.