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

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

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its holdings in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after purchasing an additional 809 shares during the period. Anchor Investment Management LLC bought a new position in MidCap Financial Investment in the 3rd quarter valued at $35,000. Allworth Financial LP boosted its holdings in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after purchasing an additional 1,699 shares during the period. Westchester Capital Management LLC bought a new position in MidCap Financial Investment in the 3rd quarter valued at $103,000. Finally, Entropy Technologies LP bought a new position in MidCap Financial Investment in the 4th quarter valued at $155,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $13.36 on Friday. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.37. 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 company has a market capitalization of $1.25 billion, a P/E ratio of 8.56 and a beta of 1.49. The company has a fifty day moving average of $13.81 and a 200-day moving average of $13.69.

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

MidCap Financial Investment Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.