Private Management Group Inc. Acquires Shares of 10,317 MidCap Financial Investment Corporation $MFIC

Private Management Group Inc. bought a new position in MidCap Financial Investment Corporation (NASDAQ:MFIC) in the 2nd quarter, Holdings Channel reports. The firm bought 10,317 shares of the company’s stock, valued at approximately $130,000.

A number of other large investors have also recently made changes to their positions in MFIC. Kingstone Capital Partners Texas LLC purchased a new stake in MidCap Financial Investment in the 2nd quarter worth about $189,382,000. Next Capital Management LLC grew its stake in shares of MidCap Financial Investment by 329.0% during the second quarter. Next Capital Management LLC now owns 725,401 shares of the company’s stock valued at $9,155,000 after buying an additional 556,316 shares during the last quarter. Cura Wealth Advisors LLC raised its holdings in shares of MidCap Financial Investment by 354.2% in the first quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company’s stock worth $8,341,000 after buying an additional 505,807 shares during the period. Ethos Financial Group LLC raised its holdings in shares of MidCap Financial Investment by 2,074.6% in the first quarter. Ethos Financial Group LLC now owns 415,948 shares of the company’s stock worth $5,361,000 after buying an additional 396,820 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in shares of MidCap Financial Investment during the 1st quarter worth approximately $2,958,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

MidCap Financial Investment Stock Up 2.5%

NASDAQ:MFIC opened at $11.83 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.34 and a quick ratio of 4.34. MidCap Financial Investment Corporation has a 1-year low of $10.18 and a 1-year high of $14.74. The company has a 50-day moving average of $11.95 and a 200 day moving average of $12.50. The firm has a market cap of $1.10 billion, a PE ratio of 11.16 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Thursday, November 6th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The business had revenue of $82.58 million for the quarter, compared to the consensus estimate of $83.56 million. As a group, research analysts anticipate that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.52 dividend on an annualized basis and a yield of 12.8%. MidCap Financial Investment’s payout ratio is 143.40%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MFIC. Compass Point reaffirmed a “neutral” rating and issued a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price target on shares of MidCap Financial Investment in a report on Monday, August 25th. Keefe, Bruyette & Woods decreased their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Zacks Research cut shares of MidCap Financial Investment from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MidCap Financial Investment presently has an average rating of “Hold” and a consensus price target of $13.04.

MidCap Financial Investment Company 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.