Janney Montgomery Scott LLC Sells 1,351 Shares of MidCap Financial Investment Corporation $MFIC

Janney Montgomery Scott LLC lowered its stake in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,575 shares of the company’s stock after selling 1,351 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of MidCap Financial Investment worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MFIC. United Advisor Group LLC raised its holdings in shares of MidCap Financial Investment by 3.4% in the 1st quarter. United Advisor Group LLC now owns 256,242 shares of the company’s stock valued at $3,295,000 after acquiring an additional 8,464 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of MidCap Financial Investment by 8.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company’s stock valued at $266,000 after buying an additional 1,578 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of MidCap Financial Investment by 3.5% during the 1st quarter. International Assets Investment Management LLC now owns 25,595 shares of the company’s stock valued at $329,000 after buying an additional 876 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of MidCap Financial Investment by 23.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 232,584 shares of the company’s stock valued at $2,991,000 after buying an additional 44,385 shares in the last quarter. Finally, Naviter Wealth LLC raised its holdings in shares of MidCap Financial Investment by 5.9% during the 1st quarter. Naviter Wealth LLC now owns 197,494 shares of the company’s stock valued at $2,575,000 after buying an additional 10,989 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MFIC shares. Keefe, Bruyette & Woods cut MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price objective on the stock. in a report on Wednesday, July 23rd. Raymond James Financial set a $13.50 price objective on MidCap Financial Investment and gave the company an “outperform” rating in a report on Tuesday, October 7th. 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 report on Monday, August 25th. JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.42.

MidCap Financial Investment Stock Down 0.4%

MidCap Financial Investment stock opened at $11.80 on Thursday. The stock has a market cap of $1.10 billion, a PE ratio of 10.93 and a beta of 1.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.53 and a current ratio of 3.53. MidCap Financial Investment Corporation has a one year low of $10.18 and a one year high of $14.74. The stock has a fifty day moving average of $12.47 and a 200 day moving average of $12.44.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $81.25 million during the quarter, compared to analysts’ expectations of $81.70 million. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%. As a group, sell-side analysts predict that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.9%. MidCap Financial Investment’s dividend payout ratio is 140.74%.

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.