MidCap Financial Investment Corporation $MFIC Shares Acquired by Cura Wealth Advisors LLC

Key Points

• Cura Wealth Advisors LLC significantly increased its stake in MidCap Financial Investment Corporation by 354.2%, acquiring a total of 648,600 shares during the first quarter.
• MidCap Financial recently reported earnings of $0.39 per share, which surpassed analyst expectations, and announced a quarterly dividend of $0.38 per share, yielding 11.5%.
• Analysts maintain a consensus rating of "Hold" on MidCap Financial Investment, with a price target set at $13.30.

Cura Wealth Advisors LLC grew its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 354.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648,600 shares of the company's stock after purchasing an additional 505,807 shares during the period. MidCap Financial Investment makes up 3.4% of Cura Wealth Advisors LLC's investment portfolio, making the stock its 4th largest holding. Cura Wealth Advisors LLC owned approximately 0.70% of MidCap Financial Investment worth $8,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in MidCap Financial Investment in the fourth quarter worth $16,771,000. Invesco Ltd. raised its position in MidCap Financial Investment by 16.8% in the 1st quarter. Invesco Ltd. now owns 878,563 shares of the company's stock worth $11,298,000 after buying an additional 126,156 shares during the last quarter. LPL Financial LLC raised its stake in MidCap Financial Investment by 32.7% during the 1st quarter. LPL Financial LLC now owns 562,137 shares of the company's stock valued at $7,229,000 after buying an additional 138,454 shares during the last quarter. Foundations Investment Advisors LLC increased its position in MidCap Financial Investment by 6.8% during the first quarter. Foundations Investment Advisors LLC now owns 427,380 shares of the company's stock valued at $5,496,000 after acquiring an additional 27,346 shares during the last quarter. Finally, Ethos Financial Group LLC increased its position in shares of MidCap Financial Investment by 2,074.6% during the 1st quarter. Ethos Financial Group LLC now owns 415,948 shares of the company's stock valued at $5,361,000 after purchasing an additional 396,820 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Down 0.8%

MidCap Financial Investment stock traded down $0.11 during mid-day trading on Wednesday, reaching $12.96. 387,843 shares of the company were exchanged, compared to its average volume of 330,294. The firm has a market cap of $1.21 billion, a P/E ratio of 8.26 and a beta of 1.05. The business has a fifty day moving average of $12.91 and a 200 day moving average of $12.72. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $14.74. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.53 and a current ratio of 3.53.

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 for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. Research analysts anticipate that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on MFIC. Truist Financial reduced their price objective on 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. Royal Bank Of Canada restated a "sector perform" rating and issued a $13.00 price target on shares of MidCap Financial Investment in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods downgraded shares of MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price target on the stock. in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.30.

About MidCap Financial Investment

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.