Raymond James Financial Inc. Invests $937,000 in MidCap Financial Investment Co. (NASDAQ:MFIC)

Raymond James Financial Inc. purchased a new position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 69,482 shares of the company's stock, valued at approximately $937,000. Raymond James Financial Inc. owned approximately 0.07% of MidCap Financial Investment at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP grew 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 worth $35,000 after purchasing an additional 1,699 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 worth $91,000 after buying an additional 4,793 shares during the last quarter. Entropy Technologies LP bought a new position in shares of MidCap Financial Investment in the fourth quarter valued at $155,000. StoneX Group Inc. acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $180,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth $221,000. 28.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company cut their price objective 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, Keefe, Bruyette & Woods reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.80.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock remained flat at $12.15 during midday trading on Friday. The stock had a trading volume of 239,751 shares, compared to its average volume of 421,970. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.79 and a beta of 1.00. MidCap Financial Investment Co. has a 1-year low of $10.18 and a 1-year high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The company's fifty day simple moving average is $12.20 and its 200-day simple moving average is $13.22.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $82.16 million for the quarter, compared to analysts' expectations of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. As a group, sell-side analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a $0.38 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 12.51%. MidCap Financial Investment's dividend payout ratio is presently 116.03%.

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.