Condor Capital Management Acquires 8,343 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Condor Capital Management lifted its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 368,185 shares of the company’s stock after purchasing an additional 8,343 shares during the period. Condor Capital Management’s holdings in MidCap Financial Investment were worth $4,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MFIC. OneDigital Investment Advisors LLC bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth $428,000. Advisors Asset Management Inc. increased its stake in MidCap Financial Investment by 139.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of MidCap Financial Investment in the 3rd quarter worth approximately $307,000. D.A. Davidson & CO. boosted its position in shares of MidCap Financial Investment by 15.3% during the third quarter. D.A. Davidson & CO. now owns 288,381 shares of the company’s stock valued at $3,861,000 after purchasing an additional 38,226 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in MidCap Financial Investment in the third quarter worth $351,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

MidCap Financial Investment Stock Down 0.5 %

Shares of NASDAQ MFIC opened at $12.90 on Thursday. 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 has a market capitalization of $1.21 billion, a PE ratio of 8.27 and a beta of 1.49. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.37. The stock’s fifty day simple moving average is $13.71 and its two-hundred day simple moving average is $13.63.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (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 company had revenue of $82.16 million during the quarter, compared to analyst estimates of $86.28 million. As a group, analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.78%. The ex-dividend date of this dividend is Tuesday, March 11th. MidCap Financial Investment’s payout ratio is 116.03%.

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.