Hennion & Walsh Asset Management Inc. Has $4.30 Million Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Hennion & Walsh Asset Management Inc. grew its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 22.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,316 shares of the company’s stock after purchasing an additional 58,188 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.49% of MidCap Financial Investment worth $4,302,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MFIC. Foundations Investment Advisors LLC bought a new stake in MidCap Financial Investment during the third quarter valued at about $4,172,000. International Assets Investment Management LLC lifted its position in shares of MidCap Financial Investment by 1,208.0% during the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock worth $3,772,000 after purchasing an additional 260,137 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 17.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,514,663 shares of the company’s stock worth $22,932,000 after purchasing an additional 226,313 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in MidCap Financial Investment during the 3rd quarter valued at approximately $1,148,000. Finally, Condor Capital Management grew its holdings in MidCap Financial Investment by 16.3% in the 2nd quarter. Condor Capital Management now owns 306,024 shares of the company’s stock valued at $4,633,000 after buying an additional 42,939 shares during the last quarter. 28.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MFIC shares. JPMorgan Chase & Co. reduced their price objective on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company reduced their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

MidCap Financial Investment Trading Down 0.3 %

MFIC stock opened at $13.25 on Thursday. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $13.57 and its 200-day moving average is $14.55. The firm has a market cap of $864.60 million, a P/E ratio of 7.57 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million for the quarter, compared to analysts’ expectations of $68.02 million. MidCap Financial Investment had a return on equity of 11.54% and a net margin of 40.08%. During the same period in the prior year, the business posted $0.44 earnings per share. Equities analysts anticipate that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a dividend of $0.38 per share. This is an increase from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 annualized dividend and a yield of 11.47%. The ex-dividend date was Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 86.86%.

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.