Several institutional investors and hedge funds have recently adjusted their holdings in MidCap Financial Investment (MFIC). Farther Finance Advisors increased its shares by 4.6%, now holding 23,362 shares worth $354,000 after adding 1,025 shares. International Assets Investment Management lifted its stake by 5.0%, owning 21,951 shares valued at $327,000 after acquiring 1,041 shares. Janney Montgomery Scott increased its position by 5.3%, holding 20,748 shares worth $312,000 after buying 1,048 more shares. Sumitomo Mitsui Trust raised its stake by 0.6%, owning 182,130 shares valued at $2.739 million after adding 1,057 shares. Virtu Financial increased its stake by 11.8%, now owning 13,559 shares worth $204,000 after acquiring 1,429 shares. Overall, 28.45% of MFIC stock is held by institutional investors and hedge funds.
Wall Street Analyst Opinions
Analysts have recently reviewed MFIC stock. JPMorgan cut its price target from $15.00 to $14.00 and gave it a “neutral” rating. Keefe, Bruyette & Woods raised the rating from “market perform” to “outperform” with a $15.00 target. Wells Fargo lowered its target from $16.00 to $15.00 with an “overweight” rating. Compass Point increased its rating from “neutral” to “buy” with a $16.00 target. Currently, three analysts recommend holding MFIC, and four suggest buying, resulting in an average rating of “Moderate Buy” with a consensus price target of $15.00.
View Our Latest Stock Analysis on MidCap Financial Investment
MidCap Financial Investment Stock Updates
MidCap Financial shares opened at $13.22 on Friday, with a market cap of $862.64 million and a P/E ratio of 7.55. The stock reached a low of $12.26 and a high of $16.36 over the past year. The company reported earnings of $0.45 per share on August 7, exceeding the estimated $0.43. Analysts expect an EPS of 1.72 for the current fiscal year.
Dividend Increase
MidCap Financial announced a quarterly dividend of $0.38 per share, up from $0.20, yielding 11.50%. It was paid on September 26 to shareholders on record as of September 10. The company’s dividend payout ratio is 86.86%.
Company Overview
MidCap Financial Investment Corporation, formerly Apollo Investment Corporation, is a business development company focused on private equity investments, including buyouts and recapitalizations.
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