J.W. Cole Advisors Inc. raised its position in MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 29.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 105,647 shares of the company's stock after acquiring 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 reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of MidCap Financial Investment by 247.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock valued at $91,000 after purchasing an additional 4,793 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $156,000. MQS Management LLC acquired a new stake in shares of MidCap Financial Investment in the first quarter valued at about $162,000. StoneX Group Inc. acquired a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $180,000. Finally, Accel Wealth Management lifted its stake in shares of MidCap Financial Investment by 8.5% in the first quarter. Accel Wealth Management now owns 13,651 shares of the company's stock valued at $176,000 after purchasing an additional 1,074 shares during the period. Institutional investors and hedge funds own 28.45% of the company's stock.
MidCap Financial Investment Stock Performance
Shares of NASDAQ:MFIC traded down $0.03 on Friday, reaching $13.01. 118,203 shares of the company's stock were exchanged, compared to its average volume of 445,220. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.49 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 $14.74. The business's 50-day moving average is $12.79 and its two-hundred day moving average is $12.89. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.66% and a net margin of 33.21%. As a group, equities research analysts forecast that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.
MidCap Financial Investment Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date was Tuesday, June 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.69%. MidCap Financial Investment's dividend payout ratio (DPR) is 122.58%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price 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. Truist Financial cut 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 report on Wednesday, May 14th. Keefe, Bruyette & Woods cut shares of MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 target price for the company. in a research report on Wednesday. Finally, Wells Fargo & Company cut their target price 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $13.92.
Read Our Latest Report on MFIC
MidCap Financial Investment Profile
(
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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