MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,149 shares of the company's stock after buying 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 reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Anchor Investment Management LLC purchased a new position in MidCap Financial Investment in the third quarter worth about $35,000. Allworth Financial LP lifted its holdings in MidCap Financial Investment by 197.8% during the 4th 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 in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings 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 purchasing an additional 4,793 shares during the period. Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment in the 4th quarter worth $155,000. Finally, StoneX Group Inc. bought a new position in MidCap Financial Investment during the 4th quarter worth about $180,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MFIC shares. Keefe, Bruyette & Woods lowered their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced 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. Finally, Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

MidCap Financial Investment Trading Up 0.2 %

NASDAQ:MFIC traded up $0.02 during trading hours on Wednesday, hitting $11.95. The company had a trading volume of 53,546 shares, compared to its average volume of 419,780. The company has a 50-day moving average of $12.30 and a 200 day moving average of $13.25. The company has a market cap of $1.11 billion, a P/E ratio of 7.67 and a beta of 1.00. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) 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 company had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. Sell-side analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 12.72%. The ex-dividend date of this dividend was Tuesday, March 11th. 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.