D.A. Davidson & CO. Buys 26,546 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

D.A. Davidson & CO. increased its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,056 shares of the company’s stock after buying an additional 26,546 shares during the period. D.A. Davidson & CO.’s holdings in MidCap Financial Investment were worth $2,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its stake in shares of MidCap Financial Investment by 63.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock worth $83,000 after acquiring an additional 2,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MidCap Financial Investment in the third quarter worth approximately $179,000. Cambridge Investment Research Advisors Inc. increased its position in shares of MidCap Financial Investment by 6.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,963 shares of the company’s stock worth $192,000 after purchasing an additional 883 shares during the last quarter. Janney Montgomery Scott LLC grew its position in MidCap Financial Investment by 10.0% during the third quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock valued at $284,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Truist Financial Corp bought a new position in MidCap Financial Investment during the fourth quarter valued at approximately $286,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Trading Up 1.2 %

Shares of NASDAQ:MFIC traded up $0.18 on Friday, hitting $15.47. 149,092 shares of the company’s stock were exchanged, compared to its average volume of 174,518. The business’s 50 day simple moving average is $15.12 and its two-hundred day simple moving average is $14.28. MidCap Financial Investment Co. has a 12 month low of $11.38 and a 12 month high of $15.88. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.76 and a quick ratio of 2.76. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 8.84 and a beta of 1.45.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. The business had revenue of $71.95 million for the quarter, compared to analyst estimates of $68.44 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts anticipate that MidCap Financial Investment Co. will post 1.72 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date is Tuesday, June 11th. MidCap Financial Investment’s payout ratio is 86.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MFIC. Royal Bank of Canada lifted their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. Truist Financial upped their price objective on MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Citigroup upped their target price on MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and an average price target of $15.04.

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.