7,575 Shares in MidCap Financial Investment Co. (NASDAQ:MFIC) Acquired by Register Financial Advisors LLC

Register Financial Advisors LLC purchased a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,575 shares of the company’s stock, valued at approximately $114,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC grew its position in shares of MidCap Financial Investment by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 21,951 shares of the company’s stock worth $327,000 after buying an additional 1,041 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of MidCap Financial Investment by 10.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock worth $284,000 after buying an additional 1,882 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of MidCap Financial Investment by 20.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,738 shares of the company’s stock worth $188,000 after buying an additional 2,377 shares during the last quarter. Graypoint LLC grew its position in shares of MidCap Financial Investment by 2.8% in the 4th quarter. Graypoint LLC now owns 156,184 shares of the company’s stock worth $2,137,000 after buying an additional 4,210 shares during the last quarter. Finally, Security National Bank bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $76,000. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC traded down $0.08 during mid-day trading on Friday, hitting $15.14. 209,297 shares of the company traded hands, compared to its average volume of 232,992. The stock’s fifty day moving average price is $15.43 and its 200-day moving average price is $14.64. MidCap Financial Investment Co. has a one year low of $12.35 and a one year high of $16.36. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40. The firm has a market cap of $987.89 million, a price-to-earnings ratio of 8.65 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $68.33 million during the quarter, compared to analyst estimates of $69.48 million. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. Research analysts anticipate that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Tuesday, June 11th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date was Tuesday, June 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is 86.86%.

Analyst Ratings Changes

Several research firms recently weighed in on MFIC. Compass Point lowered MidCap Financial Investment from a “buy” rating to a “neutral” rating and lifted their price target for the company from $15.50 to $16.00 in a research report on Monday, June 10th. Wells Fargo & Company lifted their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.25.

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.