Wedbush Securities Inc. Purchases 12,369 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Wedbush Securities Inc. raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 54.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,881 shares of the company’s stock after acquiring an additional 12,369 shares during the period. Wedbush Securities Inc.’s holdings in MidCap Financial Investment were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its holdings in MidCap Financial Investment by 71.8% in the 3rd 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 period. Allworth Financial LP lifted its position in shares of MidCap Financial Investment by 197.8% during the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after acquiring an additional 1,699 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of MidCap Financial Investment in the third quarter worth $35,000. Entropy Technologies LP purchased a new position in shares of MidCap Financial Investment in the fourth quarter valued at $155,000. Finally, StoneX Group Inc. bought a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $180,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $10.47 on Wednesday. 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 stock has a 50-day moving average price of $13.36 and a 200-day moving average price of $13.49. The company has a market cap of $981.88 million, a PE ratio of 6.71 and a beta of 1.13. MidCap Financial Investment Co. has a 12-month low of $10.41 and a 12-month high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. As a group, equities analysts forecast that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 14.52%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 116.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MFIC shares. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Keefe, Bruyette & Woods decreased their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

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.