Generali Investments CEE investicni spolecnost a.s. purchased a new stake in MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 the stock. Nomura Asset Management Co. Ltd. grew its holdings 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 worth $91,000 after purchasing an additional 4,793 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of MidCap Financial Investment in the 4th quarter valued at approximately $156,000. Accel Wealth Management lifted its holdings in shares of MidCap Financial Investment by 8.5% in the 1st quarter. Accel Wealth Management now owns 13,651 shares of the company's stock worth $176,000 after acquiring an additional 1,074 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $180,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in MidCap Financial Investment in the 4th quarter valued at approximately $221,000. Hedge funds and other institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Stock Down 0.2%
MFIC traded down $0.02 on Monday, reaching $12.69. The company's stock had a trading volume of 423,967 shares, compared to its average volume of 450,773. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.66 and a beta of 0.97. MidCap Financial Investment Corporation has a fifty-two week low of $10.18 and a fifty-two week high of $15.70. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average of $12.53 and a two-hundred day moving average of $12.93.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $78.70 million during the quarter, compared to analyst estimates of $82.49 million. MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. As a group, analysts forecast that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.
MidCap Financial Investment Announces Dividend
The company 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. The ex-dividend date was Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.98%. MidCap Financial Investment's dividend payout ratio (DPR) is 122.58%.
Analysts Set New Price Targets
Several research firms have recently commented on MFIC. Truist Financial lowered their price target 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. Wells Fargo & Company dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced 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 report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, MidCap Financial Investment currently has an average rating of "Moderate Buy" and an average price target of $14.00.
Check Out Our Latest Report on MidCap Financial Investment
About MidCap Financial Investment
(
Free Report)
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.
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