Axim Planning & Wealth Buys Shares of 11,780 MidCap Financial Investment Corporation $MFIC

Axim Planning & Wealth bought a new stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,780 shares of the company’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MFIC. Cambridge Investment Research Advisors Inc. raised 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 in the last quarter. Sharpepoint LLC raised its position in MidCap Financial Investment by 22.6% during the 1st quarter. Sharpepoint LLC now owns 68,570 shares of the company’s stock valued at $826,000 after purchasing an additional 12,651 shares in the last quarter. MQS Management LLC bought a new stake in MidCap Financial Investment during the 1st quarter valued at $162,000. Sigma Planning Corp raised its position in MidCap Financial Investment by 17.2% during the 1st quarter. Sigma Planning Corp now owns 70,863 shares of the company’s stock valued at $911,000 after purchasing an additional 10,425 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC raised its position in MidCap Financial Investment by 331.8% during the 1st quarter. Castlekeep Investment Advisors LLC now owns 388,822 shares of the company’s stock valued at $5,000,000 after purchasing an additional 298,782 shares in the last quarter. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Down 0.2%

Shares of MFIC stock opened at $12.16 on Wednesday. MidCap Financial Investment Corporation has a 1-year low of $10.18 and a 1-year high of $14.74. The stock’s fifty day moving average price is $12.23 and its 200 day moving average price is $12.50. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.53 and a quick ratio of 3.53. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 11.26 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

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

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.