Recent changes in holdings of MidCap Financial Investment (MFIC) by institutional investors include:
- Farther Finance Advisors LLC increased its stake by 4.6%, owning 23,362 shares valued at $354,000.
- International Assets Investment Management LLC raised its holdings by 5.0%, now owning 21,951 shares worth $327,000.
- Janney Montgomery Scott LLC boosted its position by 5.3%, with 20,748 shares valued at $312,000.
- Sumitomo Mitsui Trust Holdings Inc. grew its stake by 0.6%, holding 182,130 shares worth $2,739,000.
- Virtu Financial LLC increased its holdings by 11.8%, owning 13,559 shares valued at $204,000.
Overall, institutional investors and hedge funds own 28.45% of MFIC.
Wall Street Analyst Updates
Analysts have changed their ratings for MFIC shares:
- Keefe, Bruyette & Woods upgraded MFIC from “market perform” to “outperform” with a $15.00 target.
- JPMorgan lowered its target from $15.00 to $14.00, maintaining a “neutral” rating.
- Wells Fargo reduced its target from $16.00 to $15.00, keeping an “overweight” rating.
- Compass Point upgraded MFIC from “neutral” to “buy” with a $16.00 price target.
Currently, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.00 according to MarketBeat.com.
MFIC Stock Performance
MFIC opened at $13.39 on Monday. Key financial metrics include:
- Market Cap: $873.74 million
- P/E Ratio: 7.65
- 52-Week Range: $12.26 – $16.36
The latest quarterly earnings reported a $0.45 EPS, exceeding analyst expectations.
Dividend Increase
MidCap recently declared a dividend of $0.38 per share, up from $0.20. The annualized dividend now totals $1.52, yielding 11.35%.
About MidCap Financial Investment
MidCap Financial Investment Corporation, previously Apollo Investment Corporation, is a business development company that focuses on private equity investments.
More Resources
- Five stocks we like better than MidCap Financial Investment
- What are earnings reports?
- 3 Key Stocks to Ride China’s Stimulus-Driven Growth
- Using the MarketBeat Dividend Yield Calculator
- 3 Dividend Growth Stocks Set to Supercharge Your Portfolio
- Insider Trades May Not Tell You What You Think
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
Curious about hedge fund positions in MFIC? Visit HoldingsChannel.com for latest filings and insider trades.
Get Daily News & Ratings for MidCap Financial Investment – Subscribe for daily summaries via MarketBeat.com’s FREE newsletter.
`
