GraniteShares Advisors LLC Increases Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

GraniteShares Advisors LLC boosted its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,703 shares of the company’s stock after purchasing an additional 17,548 shares during the period. MidCap Financial Investment makes up approximately 0.7% of GraniteShares Advisors LLC’s portfolio, making the stock its 11th biggest holding. GraniteShares Advisors LLC owned approximately 0.22% of MidCap Financial Investment worth $2,130,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MFIC. Farther Finance Advisors LLC increased its position in shares of MidCap Financial Investment by 4.6% in the second quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock worth $354,000 after acquiring an additional 1,025 shares in the last quarter. International Assets Investment Management LLC grew its holdings in MidCap Financial Investment by 5.0% during the 1st quarter. International Assets Investment Management LLC now owns 21,951 shares of the company’s stock valued at $327,000 after purchasing an additional 1,041 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in MidCap Financial Investment by 5.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company’s stock valued at $312,000 after purchasing an additional 1,048 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in MidCap Financial Investment by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock valued at $2,739,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in MidCap Financial Investment by 11.8% during the 1st quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock valued at $204,000 after purchasing an additional 1,429 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Up 0.5 %

NASDAQ MFIC traded up $0.07 during trading hours on Friday, reaching $13.93. 294,359 shares of the company traded hands, compared to its average volume of 523,830. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $1.31 billion, a PE ratio of 7.96 and a beta of 1.50. The company has a 50 day moving average of $14.44 and a two-hundred day moving average of $14.83.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. The company had revenue of $69.16 million for the quarter, compared to the consensus estimate of $68.02 million. During the same period last year, the firm posted $0.44 EPS. As a group, equities analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 10th will be given a $0.38 dividend. This is an increase from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date is Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 86.86%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MFIC. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, July 25th. Wells Fargo & Company lowered their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

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.