MidCap Financial Investment Corporation (NASDAQ:MFIC) Stake Boosted by Muzinich & Co. Inc.

Muzinich & Co. Inc. increased its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 238,427 shares of the company's stock after purchasing an additional 44,385 shares during the quarter. MidCap Financial Investment accounts for about 1.7% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 17th largest holding. Muzinich & Co. Inc. owned about 0.25% of MidCap Financial Investment worth $3,066,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in MidCap Financial Investment by 247.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock valued at $91,000 after buying an additional 4,793 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in MidCap Financial Investment in the fourth quarter valued at $156,000. MQS Management LLC acquired a new position in shares of MidCap Financial Investment during the first quarter valued at $162,000. Accel Wealth Management raised its stake in shares of MidCap Financial Investment by 8.5% during the first quarter. Accel Wealth Management now owns 13,651 shares of the company's stock valued at $176,000 after purchasing an additional 1,074 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at about $180,000. 28.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective 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. Keefe, Bruyette & Woods cut their price objective on shares of 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. Wells Fargo & Company cut their price objective 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, Truist Financial cut their price objective on shares of 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.00.

MidCap Financial Investment Price Performance

NASDAQ:MFIC traded down $0.20 during mid-day trading on Friday, reaching $13.25. 285,051 shares of the stock were exchanged, compared to its average volume of 457,558. The business has a fifty day moving average price of $12.75 and a 200 day moving average price of $12.91. The firm has a market capitalization of $1.24 billion, a PE ratio of 10.69 and a beta of 0.97. MidCap Financial Investment Corporation has a 1-year low of $10.18 and a 1-year high of $15.59. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 1.39.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. MidCap Financial Investment had a return on equity of 10.66% and a net margin of 33.21%. Research analysts expect that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 10th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date was Tuesday, June 10th. MidCap Financial Investment's payout ratio is currently 122.58%.

MidCap Financial Investment Company 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.