Virtu Financial LLC Invests $228,000 in MidCap Financial Investment Co. (NASDAQ:MFIC)

Virtu Financial LLC purchased a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 16,888 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its stake in shares of MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares during the last quarter. Anchor Investment Management LLC bought a new stake in MidCap Financial Investment during the 3rd quarter worth $35,000. Allworth Financial LP increased its holdings in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after purchasing an additional 1,699 shares in the last quarter. Westchester Capital Management LLC bought a new position in MidCap Financial Investment in the third quarter valued at about $103,000. Finally, Entropy Technologies LP acquired a new stake in shares of MidCap Financial Investment during the fourth quarter valued at about $155,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Trading Down 1.5 %

NASDAQ MFIC opened at $13.04 on Friday. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.37. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.22 billion, a PE ratio of 8.36 and a beta of 1.49. The business’s 50-day moving average price is $13.68 and its two-hundred day moving average price is $13.59.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results 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 business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. On average, analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.66%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 116.03%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price objective on 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has an average rating of “Moderate Buy” and a consensus target price of $14.60.

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.