Lazard Asset Management LLC bought a new position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 44,080 shares of the company's stock, valued at approximately $594,000.
Several other institutional investors have also recently made changes to their positions in MFIC. JPMorgan Chase & Co. lifted its holdings in shares of MidCap Financial Investment by 273.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company's stock worth $1,897,000 after acquiring an additional 103,741 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of MidCap Financial Investment by 28.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company's stock worth $5,396,000 after acquiring an additional 88,468 shares during the last quarter. Tyche Wealth Partners LLC lifted its holdings in MidCap Financial Investment by 61.2% during the 4th quarter. Tyche Wealth Partners LLC now owns 34,228 shares of the company's stock valued at $462,000 after buying an additional 13,000 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in MidCap Financial Investment during the 4th quarter valued at about $607,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in MidCap Financial Investment by 4.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,199 shares of the company's stock valued at $2,539,000 after buying an additional 7,443 shares in the last quarter. Institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Stock Up 1.8%
NASDAQ MFIC traded up $0.23 during trading on Tuesday, reaching $12.96. 412,217 shares of the company's stock traded hands, compared to its average volume of 430,262. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 8.31 and a beta of 1.00. The company's 50 day simple moving average is $12.15 and its two-hundred day simple moving average is $13.17. MidCap Financial Investment Co. has a 12-month low of $10.18 and a 12-month high of $16.37.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings data 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 11.37% and a net margin of 37.05%. The firm had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 million. As a group, sell-side analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.
MidCap Financial Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.73%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment's payout ratio is currently 122.58%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on MFIC shares. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 8th. Wells Fargo & Company decreased 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 report on Monday, April 28th. JPMorgan Chase & Co. decreased 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 report on Thursday, April 24th. Finally, Truist Financial decreased their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment has a consensus rating of "Moderate Buy" and an average target price of $14.00.
Get Our Latest Stock Report on MidCap Financial Investment
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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