5,945 Shares in MidCap Financial Investment Co. (NASDAQ:MFIC) Acquired by Tucker Asset Management LLC

Tucker Asset Management LLC acquired a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,945 shares of the company’s stock, valued at approximately $81,000.

Other large investors have also modified their holdings of the company. Security National Bank purchased a new position in shares of MidCap Financial Investment during the fourth quarter worth about $76,000. Parkside Financial Bank & Trust grew its stake in shares of MidCap Financial Investment by 63.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock valued at $83,000 after purchasing an additional 2,335 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $92,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of MidCap Financial Investment during the third quarter worth approximately $179,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of MidCap Financial Investment by 10.0% during the third quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock worth $284,000 after purchasing an additional 1,882 shares during the period. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of MFIC traded down $0.05 on Friday, reaching $15.17. The stock had a trading volume of 223,943 shares, compared to its average volume of 237,740. The firm has a 50-day moving average of $15.40 and a 200 day moving average of $14.55. The firm has a market capitalization of $989.84 million, a PE ratio of 8.67 and a beta of 1.49. MidCap Financial Investment Co. has a twelve month low of $11.93 and a twelve month high of $16.36. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $68.33 million during the quarter, compared to analysts’ expectations of $69.48 million. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. Sell-side analysts expect that MidCap Financial Investment Co. will post 1.72 EPS for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Tuesday, June 11th. MidCap Financial Investment’s payout ratio is currently 86.86%.

Analysts Set New Price Targets

MFIC has been the subject of several recent analyst reports. Citigroup raised their target price on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their target price on MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Truist Financial increased their target price on MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Compass Point downgraded MidCap Financial Investment from a “buy” rating to a “neutral” rating and lifted their price target for the company from $15.50 to $16.00 in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. increased their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.25.

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.