Almitas Capital LLC lifted its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 88.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 135,444 shares of the company's stock after purchasing an additional 63,491 shares during the quarter. Almitas Capital LLC owned 0.14% of MidCap Financial Investment worth $1,827,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Inc. AR lifted its position in MidCap Financial Investment by 1.2% in the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after buying an additional 1,000 shares during the last quarter. Allworth Financial LP lifted its stake in shares of MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after acquiring an additional 1,699 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in MidCap Financial Investment by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company's stock valued at $920,000 after acquiring an additional 1,851 shares during the period. Anchor Investment Management LLC purchased a new position in MidCap Financial Investment in the 3rd quarter worth approximately $35,000. Finally, Sigma Planning Corp grew its holdings in shares of MidCap Financial Investment by 4.6% in the fourth quarter. Sigma Planning Corp now owns 60,438 shares of the company's stock worth $815,000 after purchasing an additional 2,633 shares during the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.
MidCap Financial Investment Stock Performance
Shares of MidCap Financial Investment stock traded up $0.13 during trading hours on Wednesday, reaching $12.06. 121,466 shares of the stock traded hands, compared to its average volume of 420,053. 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 firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.73 and a beta of 1.00. The company has a 50 day moving average price of $12.30 and a 200 day moving average price of $13.25. MidCap Financial Investment Co. has a one year low of $10.18 and a one year high of $16.37.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. On average, equities research analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.
MidCap Financial Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 12.61%. MidCap Financial Investment's dividend payout ratio (DPR) is presently 116.03%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on MFIC. Keefe, Bruyette & Woods cut their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, MidCap Financial Investment currently has an average rating of "Moderate Buy" and a consensus price target of $13.80.
View Our Latest Analysis on MFIC
About MidCap Financial Investment
(
Free Report)
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.
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