Castlekeep Investment Advisors LLC Buys Shares of 90,040 MidCap Financial Investment Co. (NASDAQ:MFIC)

Castlekeep Investment Advisors LLC bought a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 90,040 shares of the company’s stock, valued at approximately $1,215,000. Castlekeep Investment Advisors LLC owned 0.10% of MidCap Financial Investment at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after purchasing an additional 1,699 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock worth $91,000 after purchasing an additional 4,793 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of MidCap Financial Investment during the 4th quarter worth $155,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of MidCap Financial Investment during the 4th quarter worth $156,000. Finally, StoneX Group Inc. purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

MFIC opened at $12.73 on Friday. The stock has a fifty day moving average price of $12.16 and a 200 day moving average price of $13.18. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 8.16 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $78.70 million during the quarter, compared to analyst estimates of $82.49 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date is Tuesday, June 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 122.58%.

Analyst Ratings Changes

A number of research firms recently commented on MFIC. Wells Fargo & Company decreased their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Truist Financial dropped their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. reduced their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.