Castlekeep Investment Advisors LLC Takes Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Castlekeep Investment Advisors LLC bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 90,040 shares of the company's stock, valued at approximately $1,215,000. Castlekeep Investment Advisors LLC owned 0.10% of MidCap Financial Investment as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Allworth Financial LP lifted its position in MidCap Financial Investment by 197.8% during the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after buying an additional 1,699 shares in the last quarter. 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 valued at $91,000 after acquiring an additional 4,793 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $155,000. Kingstone Capital Partners Texas LLC acquired a new stake in MidCap Financial Investment during the fourth quarter worth about $156,000. Finally, StoneX Group Inc. acquired a new position in MidCap Financial Investment in the 4th quarter valued at about $180,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Stock Up 0.4%

Shares of NASDAQ MFIC traded up $0.05 during midday trading on Thursday, hitting $13.06. The company's stock had a trading volume of 295,218 shares, compared to its average volume of 430,228. 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 firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.38 and a beta of 1.00. The business's fifty day simple moving average is $12.15 and its two-hundred day simple moving average is $13.17. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37.

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

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 11.64%. The ex-dividend date is Tuesday, June 10th. MidCap Financial Investment's payout ratio is presently 122.58%.

Analyst Ratings Changes

MFIC has been the topic of several analyst reports. Truist Financial reduced their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Wells Fargo & Company decreased their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective 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, April 8th. Finally, JPMorgan Chase & Co. cut their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

MidCap Financial Investment 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.