CW Advisors LLC Increases Stock Position in MidCap Financial Investment Corporation $MFIC

CW Advisors LLC lifted its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 158.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,278 shares of the company’s stock after buying an additional 46,739 shares during the quarter. CW Advisors LLC’s holdings in MidCap Financial Investment were worth $963,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MFIC. Wealth Preservation Advisors LLC bought a new stake in MidCap Financial Investment during the first quarter worth about $26,000. Ransom Advisory Ltd bought a new stake in shares of MidCap Financial Investment in the 1st quarter worth approximately $28,000. Ameritas Advisory Services LLC bought a new stake in shares of MidCap Financial Investment in the 2nd quarter worth approximately $32,000. Signaturefd LLC grew its stake in shares of MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after buying an additional 1,590 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in MidCap Financial Investment during the 2nd quarter valued at approximately $50,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

MidCap Financial Investment Trading Down 0.8%

Shares of MFIC stock opened at $12.16 on Tuesday. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $14.74. The stock has a market capitalization of $1.13 billion, a P/E ratio of 11.47 and a beta of 0.73. The firm’s 50 day moving average is $11.95 and its 200 day moving average is $12.46.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $83.56 million. Research analysts expect that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Tuesday, December 9th. MidCap Financial Investment’s payout ratio is currently 143.40%.

Wall Street Analyst Weigh In

Several research firms have commented on MFIC. Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday. 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. Finally, JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MidCap Financial Investment currently has an average rating of “Hold” and an average price target of $13.04.

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.