Stifel Financial Corp Has $4.09 Million Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Stifel Financial Corp grew its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,149 shares of the company's stock after acquiring an additional 62,671 shares during the quarter. Stifel Financial Corp owned 0.32% of MidCap Financial Investment worth $4,090,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after buying an additional 1,699 shares during the period. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment in the third quarter valued at approximately $35,000. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 valued at $91,000 after buying an additional 4,793 shares during the period. Entropy Technologies LP acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $155,000. Finally, StoneX Group Inc. acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $180,000. Institutional investors and hedge funds own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC opened at $11.74 on Friday. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37. The firm has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $13.28. The company has a market capitalization of $1.10 billion, a PE ratio of 7.53 and a beta of 1.13. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25.

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

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 12.95%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is currently 116.03%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MFIC. JPMorgan Chase & Co. lowered their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.