Hennion & Walsh Asset Management Inc. Boosts Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Hennion & Walsh Asset Management Inc. boosted its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 356,657 shares of the company’s stock after purchasing an additional 35,341 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.38% of MidCap Financial Investment worth $4,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Graypoint LLC grew its holdings in MidCap Financial Investment by 2.8% during the fourth quarter. Graypoint LLC now owns 176,154 shares of the company’s stock valued at $2,376,000 after purchasing an additional 4,780 shares during the period. JPMorgan Chase & Co. grew its stake in shares of MidCap Financial Investment by 273.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after acquiring an additional 103,741 shares during the period. Franklin Resources Inc. increased its holdings in MidCap Financial Investment by 32.4% in the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after acquiring an additional 93,972 shares in the last quarter. Anchor Investment Management LLC purchased a new position in MidCap Financial Investment during the third quarter valued at approximately $35,000. Finally, Barclays PLC lifted its holdings in MidCap Financial Investment by 190,106.2% during the third quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after purchasing an additional 123,569 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MFIC shares. Wells Fargo & Company decreased 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 research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.71.

MidCap Financial Investment Trading Up 0.1 %

Shares of MidCap Financial Investment stock opened at $13.41 on Thursday. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 8.60 and a beta of 1.48. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month high of $16.36. The business has a 50-day moving average price of $13.67 and a 200-day moving average price of $13.83.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were paid a $0.38 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.33%. MidCap Financial Investment’s payout ratio is currently 97.44%.

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.