Muzinich & Co. Inc. Grows Stake in MidCap Financial Investment Corporation (NASDAQ:MFIC)

Muzinich & Co. Inc. increased its holdings in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,427 shares of the company's stock after acquiring an additional 44,385 shares during the quarter. MidCap Financial Investment makes up about 1.7% of Muzinich & Co. Inc.'s holdings, making the stock its 17th largest position. Muzinich & Co. Inc. owned about 0.25% of MidCap Financial Investment worth $3,066,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Graypoint LLC lifted its holdings in MidCap Financial Investment by 2.9% during the first quarter. Graypoint LLC now owns 181,252 shares of the company's stock worth $2,331,000 after acquiring an additional 5,098 shares during the period. Castlekeep Investment Advisors LLC increased its position in MidCap Financial Investment by 331.8% in the first quarter. Castlekeep Investment Advisors LLC now owns 388,822 shares of the company's stock worth $5,000,000 after buying an additional 298,782 shares during the last quarter. Sigma Planning Corp increased its position in MidCap Financial Investment by 17.2% in the first quarter. Sigma Planning Corp now owns 70,863 shares of the company's stock worth $911,000 after buying an additional 10,425 shares during the last quarter. MQS Management LLC purchased a new position in shares of MidCap Financial Investment in the first quarter valued at $162,000. Finally, Sharpepoint LLC grew its position in shares of MidCap Financial Investment by 22.6% in the first quarter. Sharpepoint LLC now owns 68,570 shares of the company's stock valued at $826,000 after purchasing an additional 12,651 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Trading Down 0.3%

Shares of NASDAQ MFIC traded down $0.05 during midday trading on Monday, reaching $13.21. The company had a trading volume of 84,923 shares, compared to its average volume of 457,394. MidCap Financial Investment Corporation has a one year low of $10.18 and a one year high of $15.59. 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's fifty day moving average price is $12.75 and its 200-day moving average price is $12.90. The stock has a market cap of $1.23 billion, a PE ratio of 10.66 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). MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. The company had revenue of $78.70 million during the quarter, compared to the consensus estimate of $82.49 million. On average, equities research analysts anticipate that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.51%. MidCap Financial Investment's dividend payout ratio is currently 122.58%.

Wall Street Analyst Weigh In

MFIC has been the subject of several recent research reports. Truist Financial reduced their price target on 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. JPMorgan Chase & Co. reduced their target price on 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. Keefe, Bruyette & Woods reduced their target price on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their target price on 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

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.