MidCap Financial Investment Corporation $MFIC Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,681 shares of the company’s stock after selling 2,325 shares during the quarter. Denali Advisors LLC owned 0.09% of MidCap Financial Investment worth $1,107,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MFIC. Wealth Preservation Advisors LLC purchased a new position in MidCap Financial Investment during the first quarter worth about $26,000. Ransom Advisory Ltd purchased a new position in MidCap Financial Investment during the first quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in MidCap Financial Investment during the second quarter worth about $32,000. Signaturefd LLC boosted its stake in MidCap Financial Investment by 88.5% during the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after buying an additional 1,590 shares during the period. Finally, Anfield Capital Management LLC boosted its stake in MidCap Financial Investment by 42.1% during the first quarter. Anfield Capital Management LLC now owns 8,352 shares of the company’s stock worth $107,000 after buying an additional 2,473 shares during the period. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Up 0.3%

Shares of MidCap Financial Investment stock opened at $11.93 on Thursday. MidCap Financial Investment Corporation has a 52-week low of $10.18 and a 52-week high of $14.74. The company has a 50 day moving average of $12.37 and a 200 day moving average of $12.41. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $1.11 billion, a P/E ratio of 11.05 and a beta of 1.03.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. As a group, research analysts forecast that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were paid a $0.38 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $1.52 dividend on an annualized basis and a yield of 12.7%. MidCap Financial Investment’s payout ratio is currently 140.74%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MFIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lowered shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 target price for the company. in a research note on Wednesday, July 23rd. Raymond James Financial set a $13.50 target price on shares of MidCap Financial Investment and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price objective on shares of MidCap Financial Investment in a research note on Monday, August 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of “Hold” and an average target price of $13.42.

MidCap Financial Investment Company 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.