24,175 Shares in MidCap Financial Investment Co. (NASDAQ:MFIC) Bought by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA bought a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 24,175 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MFIC. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at about $35,000. Allworth Financial LP boosted its stake in 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. grew its holdings in shares of MidCap Financial Investment by 247.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock valued at $91,000 after purchasing an additional 4,793 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of MidCap Financial Investment during the 4th quarter worth approximately $155,000. Finally, StoneX Group Inc. bought a new stake in shares of MidCap Financial Investment in the 4th quarter worth approximately $180,000. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Trading Up 3.7 %

Shares of MFIC stock opened at $11.76 on Friday. The firm has a market capitalization of $1.10 billion, a PE ratio of 7.54 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37. The stock has a fifty day moving average of $12.94 and a two-hundred day moving average of $13.38.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The firm had revenue of $82.16 million during the quarter, compared to analyst estimates of $86.28 million. As a group, research 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 12.93%. MidCap Financial Investment’s payout ratio is 116.03%.

Analysts Set New Price Targets

Several brokerages have weighed in on MFIC. Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

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.