StoneX Group Inc. Invests $180,000 in MidCap Financial Investment Co. (NASDAQ:MFIC)

StoneX Group Inc. acquired a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,365 shares of the company’s stock, valued at approximately $180,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in MidCap Financial Investment during the third quarter valued at approximately $238,000. Rockefeller Capital Management L.P. lifted its holdings in shares of MidCap Financial Investment by 3.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 66,351 shares of the company’s stock worth $888,000 after acquiring an additional 2,055 shares during the last quarter. Paloma Partners Management Co purchased a new position in MidCap Financial Investment in the third quarter worth $234,000. HighTower Advisors LLC increased its stake in MidCap Financial Investment by 49.1% in the third quarter. HighTower Advisors LLC now owns 91,887 shares of the company’s stock valued at $1,230,000 after acquiring an additional 30,262 shares during the last quarter. Finally, Stifel Financial Corp raised its position in MidCap Financial Investment by 403.7% during the third quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock valued at $3,220,000 after purchasing an additional 192,731 shares in the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.60.

MidCap Financial Investment Stock Down 2.0 %

Shares of NASDAQ:MFIC opened at $12.49 on Friday. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.37. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average price is $13.60 and its 200-day moving average price is $13.57. The stock has a market capitalization of $1.17 billion, a P/E ratio of 8.01 and a beta of 1.49.

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

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a dividend of $0.38 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 12.17%. MidCap Financial Investment’s dividend payout ratio is currently 116.03%.

MidCap Financial Investment 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.