Generali Investments CEE investicni spolecnost a.s. Invests $292,000 in MidCap Financial Investment Corporation (NASDAQ:MFIC)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,720 shares of the company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of MidCap Financial Investment by 247.7% during the fourth 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 period. Kingstone Capital Partners Texas LLC purchased a new position in MidCap Financial Investment during the 4th quarter valued at about $156,000. Accel Wealth Management grew its stake in MidCap Financial Investment by 8.5% during the 1st quarter. Accel Wealth Management now owns 13,651 shares of the company's stock valued at $176,000 after acquiring an additional 1,074 shares in the last quarter. StoneX Group Inc. acquired a new position in MidCap Financial Investment in the 4th quarter valued at approximately $180,000. Finally, Oppenheimer & Co. Inc. acquired a new position in MidCap Financial Investment in the 4th quarter valued at approximately $221,000. 28.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MFIC. Truist Financial dropped 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 research note on Wednesday, May 14th. Wells Fargo & Company dropped 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 research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $14.00.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC traded down $0.04 during midday trading on Monday, reaching $12.68. The stock had a trading volume of 202,486 shares, compared to its average volume of 458,949. MidCap Financial Investment Corporation has a 1-year low of $10.18 and a 1-year high of $15.70. The firm's fifty day simple moving average is $12.53 and its 200-day simple moving average is $12.93. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.98 and a quick ratio of 5.98. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.22 and a beta of 0.97.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. The company had revenue of $78.70 million during the quarter, compared to the consensus estimate of $82.49 million. On average, equities research analysts forecast that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date was Tuesday, June 10th. MidCap Financial Investment's dividend payout ratio is presently 122.58%.

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.