Arkadios Wealth Advisors Buys 4,919 Shares of MidCap Financial Investment Corporation $MFIC

Arkadios Wealth Advisors boosted its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,954 shares of the company’s stock after purchasing an additional 4,919 shares during the quarter. Arkadios Wealth Advisors owned about 0.11% of MidCap Financial Investment worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in MidCap Financial Investment by 9.0% during the second quarter. Envestnet Asset Management Inc. now owns 48,838 shares of the company’s stock valued at $616,000 after purchasing an additional 4,014 shares in the last quarter. Whipplewood Advisors LLC boosted its position in MidCap Financial Investment by 2,111,266.7% during the second quarter. Whipplewood Advisors LLC now owns 63,341 shares of the company’s stock valued at $799,000 after purchasing an additional 63,338 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in MidCap Financial Investment by 44.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 334,994 shares of the company’s stock valued at $4,228,000 after purchasing an additional 102,410 shares in the last quarter. D.A. Davidson & CO. boosted its position in MidCap Financial Investment by 4.8% during the second quarter. D.A. Davidson & CO. now owns 328,055 shares of the company’s stock valued at $4,140,000 after purchasing an additional 15,132 shares in the last quarter. Finally, Naviter Wealth LLC raised its stake in MidCap Financial Investment by 2.9% in the second quarter. Naviter Wealth LLC now owns 203,259 shares of the company’s stock valued at $2,565,000 after buying an additional 5,765 shares during the last quarter. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

MFIC opened at $12.14 on Friday. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $14.74. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $1.13 billion, a PE ratio of 11.24 and a beta of 1.03. The firm has a 50 day moving average of $12.27 and a two-hundred day moving average of $12.49.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. The company had revenue of $81.25 million during the quarter, compared to analyst estimates of $81.70 million. On average, 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 declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $1.52 dividend on an annualized basis and a yield of 12.5%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 140.74%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MFIC shares. JPMorgan Chase & Co. decreased their price target on 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. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods cut MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price target for the company. in a research note on Wednesday, July 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 price target on shares of MidCap Financial Investment in a research note on Monday, August 25th. Finally, Raymond James Financial set a $13.50 price target on MidCap Financial Investment and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.42.

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.