CoreCap Advisors LLC Has $191,000 Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

CoreCap Advisors LLC decreased its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,145 shares of the company’s stock after selling 954 shares during the quarter. CoreCap Advisors LLC’s holdings in MidCap Financial Investment were worth $191,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in MidCap Financial Investment by 190,106.2% in the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after purchasing an additional 123,569 shares during the last quarter. Franklin Resources Inc. raised its position in MidCap Financial Investment by 32.4% in the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after purchasing an additional 93,972 shares during the last quarter. JPMorgan Chase & Co. raised its position in MidCap Financial Investment by 273.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after purchasing an additional 103,741 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in MidCap Financial Investment by 11.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock valued at $4,811,000 after purchasing an additional 35,341 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in MidCap Financial Investment by 28.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company’s stock valued at $5,396,000 after purchasing an additional 88,468 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MFIC. JPMorgan Chase & Co. cut their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment has an average rating of “Moderate Buy” and an average target price of $13.80.

MidCap Financial Investment Stock Performance

MFIC stock opened at $12.15 on Monday. The company has a market cap of $1.13 billion, a P/E ratio of 7.79 and a beta of 1.00. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The business has a fifty day moving average of $12.20 and a 200-day moving average of $13.22.

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

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.51%. MidCap Financial Investment’s payout ratio is currently 116.03%.

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.