Condor Capital Management Boosts Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Condor Capital Management lifted its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 368,185 shares of the company’s stock after acquiring an additional 8,343 shares during the quarter. Condor Capital Management owned 0.39% of MidCap Financial Investment worth $4,967,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MFIC. Advisors Asset Management Inc. raised its stake in shares of MidCap Financial Investment by 4.1% in the 4th quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company’s stock worth $6,240,000 after buying an additional 18,046 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of MidCap Financial Investment by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 340,286 shares of the company’s stock valued at $4,590,000 after buying an additional 17,818 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MidCap Financial Investment in the fourth quarter worth approximately $1,289,000. Naviter Wealth LLC acquired a new stake in MidCap Financial Investment in the fourth quarter valued at approximately $2,516,000. Finally, Raymond James Financial Inc. acquired a new stake in MidCap Financial Investment in the fourth quarter valued at approximately $937,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

NASDAQ MFIC opened at $12.90 on Thursday. The business has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $13.63. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.37. 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 stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.27 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. Analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.78%. The ex-dividend date is Tuesday, March 11th. MidCap Financial Investment’s payout ratio is currently 116.03%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

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.