GraniteShares Advisors LLC Invests $1.47 Million in MidCap Financial Investment Co. (NASDAQ:MFIC)

GraniteShares Advisors LLC bought a new position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 107,475 shares of the company's stock, valued at approximately $1,470,000. GraniteShares Advisors LLC owned 0.16% of MidCap Financial Investment as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of MidCap Financial Investment by 8.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 181,073 shares of the company's stock worth $2,477,000 after purchasing an additional 13,562 shares during the period. Graypoint LLC lifted its stake in shares of MidCap Financial Investment by 2.8% during the 4th quarter. Graypoint LLC now owns 156,184 shares of the company's stock worth $2,137,000 after acquiring an additional 4,210 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of MidCap Financial Investment by 1,268.1% during the 4th quarter. International Assets Investment Management LLC now owns 286,055 shares of the company's stock worth $3,913,000 after acquiring an additional 265,146 shares during the last quarter. Camelot Portfolios LLC lifted its stake in shares of MidCap Financial Investment by 26.9% during the 4th quarter. Camelot Portfolios LLC now owns 90,390 shares of the company's stock worth $1,237,000 after acquiring an additional 19,173 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of MidCap Financial Investment by 138,500.0% during the 3rd quarter. Comerica Bank now owns 5,544 shares of the company's stock worth $76,000 after acquiring an additional 5,540 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

Analyst Ratings Changes

MFIC has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the stock an "overweight" rating in a report on Monday, January 29th. Truist Financial increased their target price on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Citigroup increased their target price on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price target on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada increased their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.79.

MidCap Financial Investment Stock Performance

MFIC traded down $0.08 during trading on Tuesday, reaching $14.77. 185,981 shares of the company's stock were exchanged, compared to its average volume of 239,733. MidCap Financial Investment Co. has a 1 year low of $10.78 and a 1 year high of $15.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.43 and a quick ratio of 4.43. The stock has a market capitalization of $963.74 million, a P/E ratio of 8.16 and a beta of 1.47. The company's fifty day simple moving average is $14.52 and its 200-day simple moving average is $13.85.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. The business had revenue of $71.95 million for the quarter, compared to analysts' expectations of $68.44 million. During the same quarter last year, the company earned $0.43 EPS. As a group, research analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 12th were paid a $0.38 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 10.29%. MidCap Financial Investment's dividend payout ratio is currently 83.52%.

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.

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