Ethos Financial Group LLC Buys 396,820 Shares of MidCap Financial Investment Corporation $MFIC

Key Points

• Ethos Financial Group LLC significantly increased its ownership in MidCap Financial Investment, acquiring an additional 396,820 shares and raising its stake to over 415,000 shares, which represents about 0.45% of the company.
• MidCap Financial Investment reported a quarterly earnings per share (EPS) of $0.39, surpassing estimates, and declared a quarterly dividend of $0.38 with a yield of 11.8%.
• Recent analyst ratings for the stock indicate a consensus of "Hold," with target prices varying from $11.50 to $15.00, showing divided opinions on its market performance.

Ethos Financial Group LLC raised its stake in MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 2,074.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 415,948 shares of the company's stock after purchasing an additional 396,820 shares during the quarter. Ethos Financial Group LLC owned 0.45% of MidCap Financial Investment worth $5,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of MidCap Financial Investment by 8.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company's stock worth $266,000 after buying an additional 1,578 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of MidCap Financial Investment by 23.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 232,584 shares of the company's stock worth $2,991,000 after buying an additional 44,385 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of MidCap Financial Investment by 23.4% in the 4th quarter. Ameriprise Financial Inc. now owns 320,415 shares of the company's stock worth $4,322,000 after buying an additional 60,759 shares during the last quarter. Jane Street Group LLC grew its position in shares of MidCap Financial Investment by 64.2% in the 4th quarter. Jane Street Group LLC now owns 57,520 shares of the company's stock worth $776,000 after buying an additional 22,487 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of MidCap Financial Investment by 32.7% in the 1st quarter. LPL Financial LLC now owns 562,137 shares of the company's stock worth $7,229,000 after acquiring an additional 138,454 shares in the last quarter. Institutional investors own 28.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MFIC. Truist Financial decreased their target price on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company dropped their price target 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. Finally, Keefe, Bruyette & Woods cut MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price target on the stock. in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, MidCap Financial Investment has a consensus rating of "Hold" and a consensus price target of $13.50.

MidCap Financial Investment Stock Up 1.6%

Shares of MFIC traded up $0.2050 on Friday, hitting $13.1450. 207,614 shares of the stock traded hands, compared to its average volume of 435,999. The company has a market capitalization of $1.23 billion, a PE ratio of 12.17 and a beta of 0.99. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.53 and a current ratio of 3.53. The business has a 50 day simple moving average of $12.75 and a 200 day simple moving average of $12.78. MidCap Financial Investment Corporation has a one year low of $10.18 and a one year high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. As a group, equities analysts forecast that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $1.52 annualized dividend and a dividend yield of 11.6%. MidCap Financial Investment's dividend payout ratio (DPR) is 140.74%.

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.