Janney Montgomery Scott LLC bought a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 19,002 shares of the company's stock, valued at approximately $217,000.
Several other large investors also recently bought and sold shares of MFIC. Ethos Financial Group LLC purchased a new position in MidCap Financial Investment during the 1st quarter worth approximately $260,000. Camelot Portfolios LLC acquired a new stake in MidCap Financial Investment during the 1st quarter worth approximately $1,491,000. Onyx Bridge Wealth Group LLC acquired a new stake in MidCap Financial Investment during the 1st quarter worth approximately $275,000. Cubic Asset Management LLC acquired a new stake in MidCap Financial Investment during the 1st quarter worth approximately $728,000. Finally, Panoramic Investment Advisors LLC acquired a new stake in MidCap Financial Investment during the 4th quarter worth approximately $611,000. Hedge funds and other institutional investors own 28.58% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MFIC shares. Compass Point raised MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $14.75 price objective for the company in a research report on Monday. Royal Bank of Canada raised their price target on MidCap Financial Investment from $13.00 to $14.00 and gave the company a "sector perform" rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.31.
Check Out Our Latest Stock Analysis on MidCap Financial Investment
MidCap Financial Investment Stock Performance
MidCap Financial Investment stock opened at $13.85 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a fifty day moving average of $12.82 and a two-hundred day moving average of $12.08. The company has a market capitalization of $903.71 million, a price-to-earnings ratio of 12.37 and a beta of 1.58. MidCap Financial Investment Co. has a fifty-two week low of $10.06 and a fifty-two week high of $14.03.
MidCap Financial Investment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 10.97%. The ex-dividend date is Monday, September 11th. MidCap Financial Investment's payout ratio is 135.71%.
About MidCap Financial Investment
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MidCap Financial Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MidCap Financial Investment wasn't on the list.
While MidCap Financial Investment currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
