Security National Bank Invests $76,000 in MidCap Financial Investment Co. (NASDAQ:MFIC)

Security National Bank bought a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFICFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,550 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in MidCap Financial Investment by 63.3% in the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock valued at $83,000 after acquiring an additional 2,335 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in MidCap Financial Investment in the fourth quarter valued at approximately $92,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MidCap Financial Investment in the third quarter valued at approximately $179,000. Janney Montgomery Scott LLC lifted its holdings in MidCap Financial Investment by 10.0% in the third quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock valued at $284,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in MidCap Financial Investment in the fourth quarter valued at approximately $286,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Up 0.4 %

Shares of NASDAQ MFIC traded up $0.07 during mid-day trading on Friday, hitting $16.23. The company had a trading volume of 248,975 shares, compared to its average volume of 210,485. The company has a market capitalization of $1.06 billion, a PE ratio of 9.27 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.76 and a quick ratio of 2.76. MidCap Financial Investment Co. has a 1-year low of $11.93 and a 1-year high of $16.36. The business’s 50-day simple moving average is $15.35 and its 200 day simple moving average is $14.46.

MidCap Financial Investment (NASDAQ:MFICGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. The company had revenue of $68.33 million for the quarter, compared to analysts’ expectations of $69.48 million. On average, analysts predict that MidCap Financial Investment Co. will post 1.72 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend is Tuesday, June 11th. MidCap Financial Investment’s dividend payout ratio is presently 86.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MFIC. Wells Fargo & Company upped their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the company an “overweight” rating in a report on Monday, May 13th. JPMorgan Chase & Co. boosted their target price on MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Citigroup boosted their target price on MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Royal Bank of Canada boosted their target price on MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Truist Financial boosted their target price on MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.04.

Read Our Latest Stock Analysis on MFIC

MidCap Financial Investment Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MidCap Financial Investment (NASDAQ:MFIC)

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