MidCap Financial Investment Corporation (NASDAQ:MFIC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 3.5% in the 1st quarter, Holdings Channel reports. The firm owned 25,595 shares of the company’s stock after buying an additional 876 shares during the quarter. International Assets Investment Management LLC’s holdings in MidCap Financial Investment were worth $329,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MFIC. Nomura Asset Management Co. Ltd. grew 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 in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $156,000. Accel Wealth Management lifted its position in shares of MidCap Financial Investment by 8.5% during the first quarter. Accel Wealth Management now owns 13,651 shares of the company’s stock worth $176,000 after purchasing an additional 1,074 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of MidCap Financial Investment in the fourth quarter valued at $180,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in MidCap Financial Investment during the 4th quarter worth $221,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MFIC has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Thursday, April 24th. Truist Financial dropped their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods cut their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $12.50 on Friday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.08 and a beta of 0.99. MidCap Financial Investment Corporation has a one year low of $10.18 and a one year high of $15.70. The company’s 50-day simple moving average is $12.45 and its 200-day simple moving average is $12.97. The company has a debt-to-equity ratio of 1.39, a quick ratio of 5.98 and a current ratio of 5.98.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. The firm had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. Equities analysts anticipate that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 10th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 12.16%. The ex-dividend date was Tuesday, June 10th. MidCap Financial Investment’s dividend payout ratio is currently 122.58%.

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.