Generali Investments CEE investicni spolecnost a.s. Buys New Shares in MidCap Financial Investment Corporation (NASDAQ:MFIC)

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

A number of other institutional investors have also recently added to or reduced their stakes in MFIC. Castlekeep Investment Advisors LLC acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $16,771,000. CF Capital LLC acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $2,799,000. Naviter Wealth LLC acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $2,516,000. Ares Management LLC raised its stake in MidCap Financial Investment by 55.5% during the 4th quarter. Ares Management LLC now owns 482,032 shares of the company's stock valued at $6,503,000 after purchasing an additional 172,032 shares during the period. Finally, Callodine Capital Management LP raised its stake in MidCap Financial Investment by 164.4% during the 4th quarter. Callodine Capital Management LP now owns 246,217 shares of the company's stock valued at $3,321,000 after purchasing an additional 153,105 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC remained flat at $12.79 during mid-day trading on Wednesday. 258,594 shares of the company traded hands, compared to its average volume of 451,316. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 10.31 and a beta of 0.97. The company has a debt-to-equity ratio of 1.39, a quick ratio of 5.98 and a current ratio of 5.98. MidCap Financial Investment Corporation has a twelve month low of $10.18 and a twelve month high of $15.70. The firm's 50 day moving average price is $12.56 and its 200-day moving average price is $12.92.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a return on equity of 10.66% and a net margin of 33.21%. The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $82.49 million. As a group, sell-side analysts predict that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 10th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.88%. The ex-dividend date was Tuesday, June 10th. MidCap Financial Investment's dividend payout ratio (DPR) is presently 122.58%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial dropped 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 note on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target 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. 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. Finally, 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 research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, MidCap Financial Investment has an average rating of "Moderate Buy" and a consensus price target of $14.00.

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.