Westbourne Investments Inc. Buys New Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Westbourne Investments Inc. acquired a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 56,200 shares of the company's stock, valued at approximately $758,000. Westbourne Investments Inc. owned approximately 0.06% of MidCap Financial Investment as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in MidCap Financial Investment in the 3rd quarter worth about $35,000. Allworth Financial LP grew 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 worth $35,000 after acquiring an additional 1,699 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in MidCap Financial Investment by 247.7% during 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 MidCap Financial Investment in the fourth quarter worth approximately $155,000. Finally, StoneX Group Inc. bought a new stake in MidCap Financial Investment in the 4th quarter worth approximately $180,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Stock Performance

MFIC traded up $0.02 during midday trading on Tuesday, reaching $11.93. The company had a trading volume of 76,291 shares, compared to its average volume of 419,628. The business has a 50-day moving average of $12.33 and a two-hundred day moving average of $13.26. 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 Co. has a 1 year low of $10.18 and a 1 year high of $16.37. The company has a market cap of $1.11 billion, a P/E ratio of 7.66 and a beta of 1.00.

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 for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 12.75%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is currently 116.03%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MFIC. Wells Fargo & Company dropped their price target on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, MidCap Financial Investment has an average rating of "Moderate Buy" and a consensus target price of $13.80.

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.