MidCap Financial Investment Corporation $MFIC Shares Acquired by Muzinich & Co. Inc.

Muzinich & Co. Inc. lifted its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 68.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,393 shares of the company’s stock after acquiring an additional 162,966 shares during the quarter. MidCap Financial Investment accounts for approximately 2.2% of Muzinich & Co. Inc.’s portfolio, making the stock its 13th largest holding. Muzinich & Co. Inc.’s holdings in MidCap Financial Investment were worth $5,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MFIC. Wealth Preservation Advisors LLC acquired a new position in shares of MidCap Financial Investment during the first quarter worth about $26,000. Ransom Advisory Ltd acquired a new stake in shares of MidCap Financial Investment in the first quarter valued at about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of MidCap Financial Investment in the second quarter valued at about $32,000. Signaturefd LLC lifted its stake in shares of MidCap Financial Investment by 88.5% in the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after purchasing an additional 1,590 shares during the period. Finally, Anfield Capital Management LLC lifted its stake in shares of MidCap Financial Investment by 42.1% in the first quarter. Anfield Capital Management LLC now owns 8,352 shares of the company’s stock valued at $107,000 after purchasing an additional 2,473 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $12.25 on Thursday. 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 stock has a market cap of $1.14 billion, a P/E ratio of 11.34 and a beta of 1.03. The company has a 50-day moving average of $12.30 and a two-hundred day moving average of $12.48. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC) last announced its 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. The company had revenue of $81.25 million during the quarter, compared to analysts’ expectations of $81.70 million. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. As a group, research analysts predict that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently announced 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 was Tuesday, September 9th. This represents a $1.52 dividend on an annualized basis and a yield of 12.4%. MidCap Financial Investment’s payout ratio is presently 140.74%.

MidCap Financial Investment Company 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.