MidCap Financial Investment Corporation $MFIC Shares Bought by Condor Capital Management

Condor Capital Management increased its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 4.0% during the second quarter, HoldingsChannel.com reports. The fund owned 412,875 shares of the company’s stock after acquiring an additional 15,789 shares during the quarter. Condor Capital Management’s holdings in MidCap Financial Investment were worth $5,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MFIC. Cura Wealth Advisors LLC boosted its position in MidCap Financial Investment by 354.2% during the first quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company’s stock worth $8,341,000 after purchasing an additional 505,807 shares in the last quarter. LPL Financial LLC raised its stake in shares of 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 buying an additional 138,454 shares during the last quarter. Callodine Capital Management LP boosted its position in shares of MidCap Financial Investment by 66.5% in the 1st quarter. Callodine Capital Management LP now owns 409,850 shares of the company’s stock worth $5,271,000 after buying an additional 163,633 shares in the last quarter. Ethos Financial Group LLC grew its stake in MidCap Financial Investment by 2,074.6% in the 1st quarter. Ethos Financial Group LLC now owns 415,948 shares of the company’s stock valued at $5,361,000 after acquiring an additional 396,820 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in MidCap Financial Investment in the 1st quarter valued at about $357,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MFIC has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Compass Point reaffirmed a “neutral” rating and issued a $12.25 target price (down previously from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price objective 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, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.04.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $11.97 on Friday. The business’s 50-day moving average price is $12.05 and its 200 day moving average price is $12.50. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. MidCap Financial Investment Corporation has a twelve month low of $10.18 and a twelve month high of $14.74. The company has a market capitalization of $1.12 billion, a PE ratio of 11.29 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $82.58 million during the quarter, compared to the consensus estimate of $83.56 million. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. On average, research analysts predict that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.52 annualized dividend and a yield of 12.7%. MidCap Financial Investment’s dividend payout ratio is 143.40%.

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.