MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 13.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,381 shares of the company's stock after selling 46,276 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.33% of MidCap Financial Investment worth $3,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MFIC. Allworth Financial LP raised its stake in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after purchasing an additional 1,699 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake 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 last quarter. Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth about $155,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $156,000. Finally, StoneX Group Inc. purchased a new position in shares of MidCap Financial Investment during the fourth quarter valued at approximately $180,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company cut their price target on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial decreased their price target on 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.00.

MidCap Financial Investment Trading Up 1.1%

Shares of NASDAQ MFIC traded up $0.15 during trading on Friday, hitting $13.07. 278,608 shares of the company traded hands, compared to its average volume of 432,806. The firm has a market capitalization of $1.22 billion, a P/E ratio of 8.37 and a beta of 0.99. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $12.14 and a 200-day moving average price of $13.14. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37.

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 for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm 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 37.05% and a return on equity of 11.37%. On average, equities analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment's payout ratio is currently 122.58%.

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.