International Assets Investment Management LLC Raises Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

International Assets Investment Management LLC raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 1,268.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 286,055 shares of the company's stock after acquiring an additional 265,146 shares during the quarter. International Assets Investment Management LLC owned approximately 0.44% of MidCap Financial Investment worth $3,913,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in MidCap Financial Investment by 74.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,433 shares of the company's stock valued at $33,000 after acquiring an additional 1,038 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of MidCap Financial Investment in the third quarter worth about $41,000. Deutsche Bank AG bought a new position in shares of MidCap Financial Investment in the first quarter worth about $40,000. Comerica Bank raised its stake in shares of MidCap Financial Investment by 138,500.0% in the third quarter. Comerica Bank now owns 5,544 shares of the company's stock worth $76,000 after buying an additional 5,540 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of MidCap Financial Investment by 63.3% in the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company's stock worth $83,000 after buying an additional 2,335 shares during the period. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Trading Up 0.7 %

Shares of MidCap Financial Investment stock traded up $0.11 on Wednesday, reaching $14.88. The company had a trading volume of 187,769 shares, compared to its average volume of 239,029. The firm has a market cap of $970.92 million, a price-to-earnings ratio of 8.18 and a beta of 1.47. 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 firm's 50-day moving average price is $14.57 and its two-hundred day moving average price is $13.86. MidCap Financial Investment Co. has a 1 year low of $10.78 and a 1 year high of $15.19.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results 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 return on equity of 15.50% and a net margin of 42.95%. The firm had revenue of $71.95 million during the quarter, compared to analysts' expectations of $68.44 million. During the same quarter in the previous year, the business 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend was Monday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is presently 83.52%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial raised their price objective on MidCap Financial Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their price objective on MidCap Financial Investment from $13.00 to $14.50 and gave the stock an "overweight" rating in a research note on Monday, January 29th. Citigroup lifted their target price on MidCap Financial Investment from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada lifted their target price on MidCap Financial Investment from $14.00 to $15.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, MidCap Financial Investment has a consensus rating of "Moderate Buy" and an average target price of $14.79.

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.