MidCap Financial Investment Corporation $MFIC Shares Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,139 shares of the company’s stock after buying an additional 1,419 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in MidCap Financial Investment were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of MidCap Financial Investment during the 1st quarter worth approximately $26,000. Ransom Advisory Ltd acquired a new stake in shares of MidCap Financial Investment during the 1st quarter worth approximately $28,000. Signaturefd LLC increased its holdings in shares of MidCap Financial Investment by 88.5% during the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after buying an additional 1,590 shares during the last quarter. Anfield Capital Management LLC increased its holdings in shares of MidCap Financial Investment by 42.1% during the 1st quarter. Anfield Capital Management LLC now owns 8,352 shares of the company’s stock worth $107,000 after buying an additional 2,473 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of MidCap Financial Investment by 18.2% during the 1st quarter. HB Wealth Management LLC now owns 12,446 shares of the company’s stock worth $160,000 after buying an additional 1,914 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $11.99 on Wednesday. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49. MidCap Financial Investment Corporation has a 52 week low of $10.18 and a 52 week high of $14.74. The stock has a market capitalization of $1.12 billion, a PE ratio of 11.10 and a beta of 1.05. The firm has a 50 day moving average of $12.69 and a two-hundred day moving average of $12.53.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. The company had revenue of $81.25 million during the quarter, compared to analysts’ expectations of $81.70 million. On average, research analysts predict that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend was Tuesday, September 9th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 140.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MFIC shares. Keefe, Bruyette & Woods downgraded shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 target price for the company. in a report on Wednesday, July 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 target price on shares of MidCap Financial Investment in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.30.

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.