Hennion & Walsh Asset Management Inc. Sells 46,276 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Hennion & Walsh Asset Management Inc. trimmed its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 310,381 shares of the company's stock after selling 46,276 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.33% of MidCap Financial Investment worth $3,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after purchasing an additional 1,699 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in 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 in the last quarter. Entropy Technologies LP purchased a new position in MidCap Financial Investment during the 4th quarter worth approximately $155,000. Kingstone Capital Partners Texas LLC purchased a new position in MidCap Financial Investment during the 4th quarter worth approximately $156,000. Finally, StoneX Group Inc. purchased a new position in MidCap Financial Investment during the 4th quarter worth approximately $180,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MFIC has been the subject of a number of research reports. Truist Financial decreased their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Wells Fargo & Company reduced their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $14.00.

MidCap Financial Investment Stock Performance

MidCap Financial Investment stock traded up $0.16 on Friday, reaching $13.08. 380,082 shares of the stock were exchanged, compared to its average volume of 434,580. The stock has a market cap of $1.22 billion, a PE ratio of 8.38 and a beta of 0.99. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.10. The firm has a fifty day moving average price of $12.15 and a two-hundred day moving average price of $13.13.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. Sell-side analysts anticipate that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.52 annualized dividend and a yield of 11.62%. MidCap Financial Investment's payout ratio is 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.