Ameritas Advisory Services LLC Purchases New Position in MidCap Financial Investment Corporation $MFIC

Ameritas Advisory Services LLC purchased a new stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,518 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in MidCap Financial Investment during the 1st quarter worth approximately $26,000. Ransom Advisory Ltd bought a new stake in shares of MidCap Financial Investment in the 1st quarter valued at $28,000. Signaturefd LLC increased its stake in shares of MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after acquiring an additional 1,590 shares in the last quarter. Anfield Capital Management LLC increased its stake in shares of MidCap Financial Investment by 42.1% in the 1st quarter. Anfield Capital Management LLC now owns 8,352 shares of the company’s stock valued at $107,000 after acquiring an additional 2,473 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of MidCap Financial Investment by 18.2% in the 1st quarter. HB Wealth Management LLC now owns 12,446 shares of the company’s stock valued at $160,000 after acquiring an additional 1,914 shares in the last quarter. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $11.85 on Wednesday. The company’s 50-day moving average is $12.49 and its 200 day moving average is $12.44. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.53 and a current ratio of 3.53. The company has a market capitalization of $1.11 billion, a P/E ratio of 10.97 and a beta of 1.03. MidCap Financial Investment Corporation has a fifty-two week low of $10.18 and a fifty-two week high of $14.74.

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

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, September 9th. This represents a $1.52 annualized dividend and a dividend yield of 12.8%. MidCap Financial Investment’s dividend payout ratio is currently 140.74%.

Wall Street Analyst Weigh In

MFIC has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price target on shares of MidCap Financial Investment in a research note on Monday, August 25th. JPMorgan Chase & Co. decreased their price target 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. Raymond James Financial set a $13.50 price target on shares of MidCap Financial Investment and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Hold” and a consensus target price of $13.42.

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.