BI Asset Management Fondsmaeglerselskab A S Acquires 94,468 Shares of MidCap Financial Investment Corporation $MFIC

BI Asset Management Fondsmaeglerselskab A S raised its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 63.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 243,570 shares of the company’s stock after purchasing an additional 94,468 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.26% of MidCap Financial Investment worth $3,132,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Anfield Capital Management LLC boosted its stake in MidCap Financial Investment by 42.1% in the first quarter. Anfield Capital Management LLC now owns 8,352 shares of the company’s stock valued at $107,000 after buying an additional 2,473 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of MidCap Financial Investment in the fourth quarter worth about $156,000. HB Wealth Management LLC boosted its stake in shares of MidCap Financial Investment by 18.2% in the 1st quarter. HB Wealth Management LLC now owns 12,446 shares of the company’s stock valued at $160,000 after purchasing an additional 1,914 shares in the last quarter. MQS Management LLC acquired a new stake in shares of MidCap Financial Investment in the 1st quarter valued at approximately $162,000. Finally, Accel Wealth Management grew its holdings in shares of MidCap Financial Investment by 8.5% during the 1st quarter. Accel Wealth Management now owns 13,651 shares of the company’s stock valued at $176,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a research note on Wednesday, July 23rd. Truist Financial dropped their price target on MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Wells Fargo & Company reduced their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their target price on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.50.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $12.96 on Thursday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.00 and a beta of 0.99. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49. MidCap Financial Investment Corporation has a twelve month low of $10.18 and a twelve month high of $14.74. The stock has a fifty day simple moving average of $12.74 and a 200 day simple moving average of $12.79.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Monday, August 11th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $81.25 million for 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%. Sell-side analysts expect that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Tuesday, September 9th. MidCap Financial Investment’s dividend payout ratio is currently 140.74%.

About MidCap Financial Investment

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.