Janney Montgomery Scott LLC Reduces Position in MidCap Financial Investment Corporation (NASDAQ:MFIC)

Janney Montgomery Scott LLC lessened its holdings in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 6.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,926 shares of the company’s stock after selling 4,178 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of MidCap Financial Investment worth $745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MFIC. Accel Wealth Management grew its stake in MidCap Financial Investment by 8.5% in the 1st quarter. Accel Wealth Management now owns 13,651 shares of the company’s stock valued at $176,000 after buying an additional 1,074 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in shares of MidCap Financial Investment by 1.2% in the first quarter. Confluence Investment Management LLC now owns 89,748 shares of the company’s stock worth $1,154,000 after acquiring an additional 1,104 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of MidCap Financial Investment by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company’s stock valued at $920,000 after purchasing an additional 1,851 shares in the last quarter. Arete Wealth Advisors LLC grew its position in shares of MidCap Financial Investment by 30.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 18,475 shares of the company’s stock valued at $249,000 after purchasing an additional 4,319 shares in the last quarter. Finally, United Advisor Group LLC raised its stake in shares of MidCap Financial Investment by 1.9% during the 4th quarter. United Advisor Group LLC now owns 247,778 shares of the company’s stock valued at $3,343,000 after purchasing an additional 4,547 shares during the period. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $12.46 on Wednesday. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $15.70. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.16 billion, a PE ratio of 10.05 and a beta of 0.97. The stock has a 50-day moving average price of $12.49 and a 200-day moving average price of $12.95.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data 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). MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $82.49 million. As a group, equities analysts forecast that MidCap Financial Investment Corporation 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 was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 12.20%. The ex-dividend date of this dividend was Tuesday, June 10th. MidCap Financial Investment’s dividend payout ratio is currently 122.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial reduced their target price on MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 14th. Keefe, Bruyette & Woods reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased 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 report on Thursday, April 24th. Finally, Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.