Redhawk Wealth Advisors Inc. Acquires Shares of 38,144 MidCap Financial Investment Co. (NASDAQ:MFIC)

Redhawk Wealth Advisors Inc. bought a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 38,144 shares of the company’s stock, valued at approximately $578,000. Redhawk Wealth Advisors Inc. owned approximately 0.06% of MidCap Financial Investment at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MFIC. Security National Bank bought a new position in MidCap Financial Investment during the fourth quarter valued at about $76,000. Tucker Asset Management LLC bought a new position in shares of MidCap Financial Investment during the 4th quarter valued at approximately $81,000. Cape Investment Advisory Inc. purchased a new stake in shares of MidCap Financial Investment during the 4th quarter worth approximately $92,000. Register Financial Advisors LLC bought a new stake in shares of MidCap Financial Investment in the 1st quarter worth approximately $114,000. Finally, Accel Wealth Management purchased a new position in MidCap Financial Investment in the second quarter valued at approximately $151,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MFIC. JPMorgan Chase & Co. decreased their target price on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Compass Point upgraded MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

MidCap Financial Investment Price Performance

NASDAQ:MFIC traded up $0.27 during trading hours on Thursday, hitting $13.60. The stock had a trading volume of 595,935 shares, compared to its average volume of 298,505. The company has a 50 day simple moving average of $14.84 and a two-hundred day simple moving average of $14.84. The firm has a market capitalization of $887.44 million, a price-to-earnings ratio of 7.62 and a beta of 1.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.76 and a quick ratio of 2.76. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $69.16 million during the quarter, compared to analyst estimates of $68.02 million. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. During the same quarter last year, the company earned $0.44 earnings per share. Research analysts forecast that MidCap Financial Investment Co. will post 1.71 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.38 per share. This is a positive change from MidCap Financial Investment’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.18%. MidCap Financial Investment’s payout ratio is presently 86.86%.

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.