28,937 Shares in MidCap Financial Investment Corporation $MFIC Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has invested approximately $372,000 in MidCap Financial Investment Corporation by acquiring 28,937 shares during the 1st quarter.
• MidCap Financial recently announced a quarterly dividend of $0.38, which translates to an annual yield of 11.7%, with a payout ratio of 140.74%.
• Despite positive quarterly earnings results, analysts have revised their price targets for MidCap Financial Investment, with a consensus rating of "Hold" and an expected price target of $13.50.

Fox Run Management L.L.C. bought a new position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,937 shares of the company's stock, valued at approximately $372,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its holdings in MidCap Financial Investment by 83.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 109,666 shares of the company's stock worth $1,410,000 after buying an additional 50,000 shares during the last quarter. Anfield Capital Management LLC increased its holdings in MidCap Financial Investment by 42.1% during the first quarter. Anfield Capital Management LLC now owns 8,352 shares of the company's stock worth $107,000 after buying an additional 2,473 shares during the last quarter. Invesco Ltd. increased its holdings in MidCap Financial Investment by 16.8% during the first quarter. Invesco Ltd. now owns 878,563 shares of the company's stock worth $11,298,000 after buying an additional 126,156 shares during the last quarter. Condor Capital Management increased its holdings in MidCap Financial Investment by 7.8% during the first quarter. Condor Capital Management now owns 397,086 shares of the company's stock worth $5,107,000 after buying an additional 28,901 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in MidCap Financial Investment by 8.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,696 shares of the company's stock worth $1,334,000 after buying an additional 8,176 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock traded up $0.19 during trading on Friday, reaching $13.13. The company's stock had a trading volume of 416,779 shares, compared to its average volume of 367,368. The business's 50-day moving average price is $12.77 and its 200-day moving average price is $12.76. The firm has a market cap of $1.23 billion, a PE ratio of 12.16 and a beta of 0.99. MidCap Financial Investment Corporation has a 52 week low of $10.18 and a 52 week high of $14.74. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49.

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

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Tuesday, September 9th. MidCap Financial Investment's payout ratio is presently 140.74%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price 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 downgraded shares of MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price objective on the stock. in a report on Wednesday, July 23rd. Finally, Truist Financial decreased their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.50.

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.