United Advisor Group LLC Increases Stake in MidCap Financial Investment Corporation (NASDAQ:MFIC)

United Advisor Group LLC grew its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,242 shares of the company’s stock after acquiring an additional 8,464 shares during the quarter. United Advisor Group LLC’s holdings in MidCap Financial Investment were worth $3,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its stake in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after acquiring an additional 1,699 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of MidCap Financial Investment by 247.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock valued at $91,000 after acquiring an additional 4,793 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of MidCap Financial Investment in the fourth quarter valued at $156,000. StoneX Group Inc. purchased a new stake in shares of MidCap Financial Investment in the fourth quarter valued at $180,000. Finally, Accel Wealth Management raised its stake in shares of MidCap Financial Investment by 8.5% in the first quarter. Accel Wealth Management now owns 13,651 shares of the company’s stock valued at $176,000 after acquiring an additional 1,074 shares during the period. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Trading Up 0.3%

MFIC stock opened at $12.28 on Thursday. The company has a market capitalization of $1.15 billion, a PE ratio of 9.90 and a beta of 0.99. MidCap Financial Investment Corporation has a 12 month low of $10.18 and a 12 month high of $15.70. The firm’s 50-day moving average is $12.31 and its 200 day moving average is $13.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.98 and a quick ratio of 5.98.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Monday, May 12th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $82.49 million. MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. On average, research analysts anticipate that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date is Tuesday, June 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is 122.58%.

Analyst Upgrades and Downgrades

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