MidCap Financial Investment Corporation (NASDAQ:MFIC) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 562,137 shares of the company's stock after acquiring an additional 138,454 shares during the quarter. LPL Financial LLC owned approximately 0.60% of MidCap Financial Investment worth $7,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in MidCap Financial Investment in the fourth quarter valued at about $16,771,000. Legal & General Group Plc lifted its position in MidCap Financial Investment by 30.6% in the fourth quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock valued at $8,372,000 after buying an additional 145,402 shares during the last quarter. Ares Management LLC lifted its position in MidCap Financial Investment by 55.5% in the fourth quarter. Ares Management LLC now owns 482,032 shares of the company's stock valued at $6,503,000 after buying an additional 172,032 shares during the last quarter. Ameriprise Financial Inc. lifted its position in MidCap Financial Investment by 23.4% in the fourth quarter. Ameriprise Financial Inc. now owns 320,415 shares of the company's stock valued at $4,322,000 after buying an additional 60,759 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of MidCap Financial Investment by 4.8% during the first quarter. D.A. Davidson & CO. now owns 312,923 shares of the company's stock worth $4,024,000 after purchasing an additional 14,442 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company's stock.

MidCap Financial Investment Stock Performance

Shares of MFIC traded down $0.04 during mid-day trading on Friday, reaching $12.99. 46,825 shares of the company's stock were exchanged, compared to its average volume of 438,235. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.53 and a quick ratio of 5.98. The stock has a market capitalization of $1.21 billion, a PE ratio of 12.02 and a beta of 0.99. The business's fifty day simple moving average is $12.74 and its 200-day simple moving average is $12.82. MidCap Financial Investment Corporation has a 52-week low of $10.18 and a 52-week high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $81.25 million for the quarter, compared to analyst estimates of $81.70 million. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. On average, equities research analysts expect that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, September 9th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.7%. MidCap Financial Investment's dividend payout ratio (DPR) is 140.74%.

Analysts Set New Price Targets

Several analysts have recently issued reports on MFIC shares. Truist Financial reduced their price target on shares of 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. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered shares of 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, July 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MidCap Financial Investment currently has an average rating of "Hold" and an average 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.