Naviter Wealth LLC Buys New Shares in MidCap Financial Investment Co. (NASDAQ:MFIC)

Naviter Wealth LLC bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 186,505 shares of the company’s stock, valued at approximately $2,516,000. Naviter Wealth LLC owned 0.20% of MidCap Financial Investment as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after buying an additional 809 shares during the period. Allworth Financial LP lifted its holdings in MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after buying an additional 1,699 shares during the period. Anchor Investment Management LLC acquired a new position in MidCap Financial Investment in the third quarter valued at $35,000. Westchester Capital Management LLC acquired a new position in MidCap Financial Investment in the third quarter valued at $103,000. Finally, Entropy Technologies LP acquired a new position in MidCap Financial Investment in the fourth quarter valued at $155,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MFIC shares. Wells Fargo & Company cut their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC opened at $13.36 on Friday. MidCap Financial Investment Co. has a fifty-two week low of $12.26 and a fifty-two week high of $16.37. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 8.56 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The firm’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.69.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. As a group, research analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a $0.38 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 11.38%. MidCap Financial Investment’s payout ratio is 116.03%.

MidCap Financial Investment 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.