MidCap Financial Investment Corporation (NASDAQ:MFIC) Position Increased by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC grew its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 331.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,822 shares of the company's stock after acquiring an additional 298,782 shares during the period. MidCap Financial Investment comprises about 2.6% of Castlekeep Investment Advisors LLC's investment portfolio, making the stock its 8th biggest position. Castlekeep Investment Advisors LLC owned about 0.41% of MidCap Financial Investment worth $5,000,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC lifted its position in shares of MidCap Financial Investment by 3.5% in the first quarter. International Assets Investment Management LLC now owns 25,595 shares of the company's stock valued at $329,000 after acquiring an additional 876 shares in the last quarter. Accel Wealth Management lifted its position 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 acquiring an additional 1,074 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of MidCap Financial Investment by 1.2% in the first quarter. Confluence Investment Management LLC now owns 89,748 shares of the company's stock valued at $1,154,000 after acquiring an additional 1,104 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of MidCap Financial Investment by 8.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company's stock valued at $266,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of MidCap Financial Investment by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company's stock worth $920,000 after buying an additional 1,851 shares in the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MFIC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Truist Financial reduced their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods cut their target price on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

MidCap Financial Investment Price Performance

MFIC traded up $0.06 during trading on Thursday, reaching $13.42. The company's stock had a trading volume of 104,331 shares, compared to its average volume of 455,083. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39. The firm has a fifty day simple moving average of $12.70 and a two-hundred day simple moving average of $12.91. MidCap Financial Investment Corporation has a 1 year low of $10.18 and a 1 year high of $15.67. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 10.82 and a beta of 0.97.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results 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 business had revenue of $78.70 million during the quarter, compared to analysts' expectations 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, analysts anticipate 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 annualized dividend and a dividend yield of 11.33%. The ex-dividend date was Tuesday, June 10th. MidCap Financial Investment's payout ratio is presently 122.58%.

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.