J.W. Cole Advisors Inc. Buys 23,891 Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC)

J.W. Cole Advisors Inc. boosted its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 29.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 105,647 shares of the company's stock after buying an additional 23,891 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.11% of MidCap Financial Investment worth $1,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its holdings 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 valued at $91,000 after buying an additional 4,793 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in MidCap Financial Investment during the 4th quarter valued at $156,000. MQS Management LLC purchased a new stake in MidCap Financial Investment during the 1st quarter valued at $162,000. Accel Wealth Management raised its holdings 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 buying an additional 1,074 shares during the period. Finally, StoneX Group Inc. purchased a new stake in MidCap Financial Investment during the 4th quarter valued at $180,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Stock Performance

Shares of MFIC remained flat at $13.03 during midday trading on Friday. The stock had a trading volume of 410,112 shares, compared to its average volume of 303,937. MidCap Financial Investment Corporation has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. 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 firm has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.89. The company has a market capitalization of $1.22 billion, a P/E ratio of 10.51 and a beta of 0.97.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share (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 firm had revenue of $78.70 million for the quarter, compared to the consensus estimate of $82.49 million. On average, sell-side analysts expect that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently declared 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 11.67%. The ex-dividend date was Tuesday, June 10th. MidCap Financial Investment's payout ratio is 122.58%.

Analyst Ratings Changes

MFIC has been the topic of several research analyst reports. Truist Financial cut their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods lowered MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 target price on the stock. in a research note on Wednesday. Wells Fargo & Company lowered 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 report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered 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 report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment has a consensus rating of "Hold" and a consensus target price of $13.50.

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.