MidCap Financial Investment Co. (NASDAQ:MFIC) Director Emanuel R. Pearlman Acquires 1,000 Shares

MidCap Financial Investment Co. (NASDAQ:MFIC) Director Emanuel R. Pearlman purchased 1,000 shares of MidCap Financial Investment stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $12.98 per share, with a total value of $12,980.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $12,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock opened at $13.33 on Thursday. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $14.84. The stock has a market capitalization of $869.82 million, a price-to-earnings ratio of 7.62 and a beta of 1.50. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. The firm had revenue of $69.16 million during the quarter, compared to analyst estimates of $68.02 million. During the same quarter in the previous year, the business earned $0.44 EPS. On average, sell-side analysts expect that MidCap Financial Investment Co. will post 1.71 earnings per share for the current year.

MidCap Financial Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.38 per share. This is an increase from MidCap Financial Investment’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 10th. This represents a $1.52 annualized dividend and a yield of 11.40%. MidCap Financial Investment’s dividend payout ratio is presently 86.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MFIC. Compass Point upgraded MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, July 25th. Wells Fargo & Company dropped their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Trading of MidCap Financial Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Security National Bank acquired a new position in shares of MidCap Financial Investment during the fourth quarter worth approximately $76,000. Tucker Asset Management LLC bought a new position in MidCap Financial Investment during the fourth quarter worth $81,000. Brown Brothers Harriman & Co. acquired a new position in MidCap Financial Investment during the 2nd quarter valued at $81,000. Cape Investment Advisory Inc. bought a new stake in MidCap Financial Investment in the 4th quarter valued at $92,000. Finally, Register Financial Advisors LLC acquired a new stake in MidCap Financial Investment in the 1st quarter worth $114,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.