MidCap Financial Investment Corporation $MFIC Holdings Raised by Naviter Wealth LLC

by · The Cerbat Gem

Naviter Wealth LLC boosted its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC – Free Report) by 2.9% in the second quarter, HoldingsChannel reports. The firm owned 203,259 shares of the company’s stock after purchasing an additional 5,765 shares during the quarter. Naviter Wealth LLC’s holdings in MidCap Financial Investment were worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in MidCap Financial Investment by 8.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company’s stock valued at $266,000 after purchasing an additional 1,578 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in MidCap Financial Investment by 23.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 232,584 shares of the company’s stock worth $2,991,000 after acquiring an additional 44,385 shares during the period. Cura Wealth Advisors LLC boosted its position in MidCap Financial Investment by 354.2% during the 1st quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company’s stock worth $8,341,000 after acquiring an additional 505,807 shares during the period. LPL Financial LLC boosted its position in MidCap Financial Investment by 32.7% during the 1st quarter. LPL Financial LLC now owns 562,137 shares of the company’s stock worth $7,229,000 after acquiring an additional 138,454 shares during the period. Finally, Callodine Capital Management LP lifted its holdings in shares of MidCap Financial Investment by 66.5% in the first quarter. Callodine Capital Management LP now owns 409,850 shares of the company’s stock valued at $5,271,000 after buying an additional 163,633 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price objective on shares of MidCap Financial Investment in a report on Monday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Raymond James Financial set a $13.50 target price on MidCap Financial Investment and gave the company an “outperform” rating in a report on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.42.

View Our Latest Stock Analysis on MidCap Financial Investment

MidCap Financial Investment Stock Up 2.1%

Shares of MidCap Financial Investment stock opened at $11.70 on Tuesday. The stock has a 50-day moving average price of $12.51 and a 200 day moving average price of $12.45. The company has a market cap of $1.09 billion, a P/E ratio of 10.83 and a beta of 1.03. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.49. MidCap Financial Investment Corporation has a 1 year low of $10.18 and a 1 year high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%. As a group, analysts expect that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend was Tuesday, September 9th. MidCap Financial Investment’s dividend payout ratio is currently 140.74%.

MidCap Financial Investment Profile

(Free Report)

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.

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