Capital Market Strategies LLC Takes Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Capital Market Strategies LLC acquired a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 18,276 shares of the company’s stock, valued at approximately $245,000.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of MidCap Financial Investment during the 1st quarter worth about $532,000. Hennion & Walsh Asset Management Inc. grew its holdings in MidCap Financial Investment by 19.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock valued at $3,984,000 after buying an additional 42,723 shares during the last quarter. MQS Management LLC bought a new position in MidCap Financial Investment in the 2nd quarter worth approximately $575,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of MidCap Financial Investment by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock worth $2,739,000 after buying an additional 1,057 shares during the last quarter. Finally, Condor Capital Management boosted its position in shares of MidCap Financial Investment by 16.3% in the second quarter. Condor Capital Management now owns 306,024 shares of the company’s stock valued at $4,633,000 after acquiring an additional 42,939 shares during the period. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Up 0.4 %

NASDAQ MFIC opened at $13.22 on Friday. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $13.63 and its two-hundred day moving average is $14.69. The company has a market capitalization of $862.64 million, a price-to-earnings ratio of 7.55 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million for the quarter, compared to analysts’ expectations of $68.02 million. MidCap Financial Investment had a return on equity of 11.54% and a net margin of 40.08%. During the same period in the prior year, the business posted $0.44 earnings per share. Equities analysts forecast that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, September 10th. This is a positive change from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a yield of 11.50%. MidCap Financial Investment’s dividend payout ratio is 86.86%.

Analysts Set New Price Targets

MFIC has been the topic of a number of research reports. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, July 25th. Wells Fargo & Company dropped their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

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.