ProShare Advisors LLC Has $245,000 Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

ProShare Advisors LLC raised its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 63.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,141 shares of the company’s stock after acquiring an additional 7,062 shares during the quarter. ProShare Advisors LLC’s holdings in MidCap Financial Investment were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MFIC. Castlekeep Investment Advisors LLC acquired a new stake in MidCap Financial Investment in the fourth quarter valued at approximately $16,771,000. CF Capital LLC bought a new position in MidCap Financial Investment during the fourth quarter worth $2,799,000. Naviter Wealth LLC bought a new position in MidCap Financial Investment during the fourth quarter worth $2,516,000. Ares Management LLC increased its position in MidCap Financial Investment by 55.5% during the fourth quarter. Ares Management LLC now owns 482,032 shares of the company’s stock worth $6,503,000 after acquiring an additional 172,032 shares during the period. Finally, Callodine Capital Management LP increased its holdings in MidCap Financial Investment by 164.4% in the 4th quarter. Callodine Capital Management LP now owns 246,217 shares of the company’s stock valued at $3,321,000 after buying an additional 153,105 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $13.08 on Friday. 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 $1.22 billion, a P/E ratio of 8.38 and a beta of 1.00. The company’s 50 day moving average price is $12.15 and its two-hundred day moving average price is $13.15. MidCap Financial Investment Co. has a 52 week low of $10.18 and a 52 week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $82.49 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. On average, analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.62%. MidCap Financial Investment’s dividend payout ratio is presently 122.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial cut their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MidCap Financial Investment has an average rating of “Moderate Buy” and an average target price of $14.00.

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.