Insider Buying: MidCap Financial Investment Co. (NASDAQ:MFIC) Director Buys 1,000 Shares of Stock

MidCap Financial Investment Co. (NASDAQ:MFIC) Director Emanuel R. Pearlman bought 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $13.09 per share, for a total transaction of $13,090.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $26,180. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MidCap Financial Investment Stock Performance

Shares of NASDAQ MFIC traded down $0.28 during trading on Tuesday, hitting $12.42. The company had a trading volume of 1,304,375 shares, compared to its average volume of 373,807. The stock has a 50 day simple moving average of $13.80 and a 200 day simple moving average of $13.68. The firm has a market capitalization of $1.16 billion, a P/E ratio of 7.96 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. As a group, analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 12.24%. MidCap Financial Investment’s payout ratio is presently 116.03%.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently made changes to their positions in the business. Creative Planning grew its position in shares of MidCap Financial Investment by 18.3% during the third quarter. Creative Planning now owns 12,603 shares of the company’s stock worth $169,000 after purchasing an additional 1,950 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in MidCap Financial Investment by 269.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company’s stock valued at $847,000 after buying an additional 46,176 shares in the last quarter. Sigma Planning Corp raised its position in shares of MidCap Financial Investment by 9.5% during the third quarter. Sigma Planning Corp now owns 57,805 shares of the company’s stock valued at $774,000 after buying an additional 5,025 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after buying an additional 946 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in shares of MidCap Financial Investment during the 3rd quarter valued at about $428,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on MFIC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company lowered their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.60.

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.