Shufro Rose & Co. LLC Makes New $599,000 Investment in MidCap Financial Investment Co. (NASDAQ:MFIC)

Shufro Rose & Co. LLC acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,432 shares of the company's stock, valued at approximately $599,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after acquiring an additional 1,699 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock worth $91,000 after buying an additional 4,793 shares during the period. Entropy Technologies LP bought a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $155,000. Kingstone Capital Partners Texas LLC bought a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $156,000. Finally, StoneX Group Inc. bought a new position in MidCap Financial Investment during the 4th quarter valued at about $180,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Performance

MFIC remained flat at $13.08 during mid-day trading on Friday. The company's stock had a trading volume of 361,037 shares, compared to its average volume of 432,435. The company has a market cap of $1.22 billion, a PE ratio of 8.38 and a beta of 1.00. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock has a 50 day moving average price of $12.15 and a two-hundred day moving average price of $13.15. MidCap Financial Investment Co. has a 52-week low of $10.18 and a 52-week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $78.70 million during the quarter, compared to the consensus estimate of $82.49 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. As a group, analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.62%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment's dividend payout ratio is presently 122.58%.

Analysts Set New Price Targets

Several brokerages have weighed in on MFIC. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods decreased 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. Truist Financial decreased 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. Finally, JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, MidCap Financial Investment has an average rating of "Moderate Buy" and an average price target of $14.00.

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.