Orrstown Monetary Providers Inc. purchased a brand new place in MidCap Monetary Funding Co. (NASDAQ:MFIC – Free Report) within the third quarter, HoldingsChannel stories. The fund purchased 13,640 shares of the corporate’s inventory, valued at roughly $183,000.
Various different hedge funds have additionally purchased and bought shares of the enterprise. J.W. Cole Advisors Inc. bought a brand new place in MidCap Monetary Funding within the third quarter price about $628,000. Arkadios Wealth Advisors raised its place in MidCap Monetary Funding by 12.1% within the third quarter. Arkadios Wealth Advisors now owns 115,871 shares of the corporate’s inventory price $1,552,000 after shopping for an extra 12,509 shares over the past quarter. Mirae Asset International Investments Co. Ltd. grew its stake in shares of MidCap Monetary Funding by 4.0% throughout the third quarter. Mirae Asset International Investments Co. Ltd. now owns 21,962 shares of the corporate’s inventory valued at $294,000 after buying an extra 837 shares throughout the interval. Hennion & Walsh Asset Administration Inc. grew its stake in shares of MidCap Monetary Funding by 22.1% throughout the third quarter. Hennion & Walsh Asset Administration Inc. now owns 321,316 shares of the corporate’s inventory valued at $4,302,000 after buying an extra 58,188 shares throughout the interval. Lastly, Worldwide Belongings Funding Administration LLC grew its stake in shares of MidCap Monetary Funding by 1,208.0% throughout the third quarter. Worldwide Belongings Funding Administration LLC now owns 281,672 shares of the corporate’s inventory valued at $3,772,000 after buying an extra 260,137 shares throughout the interval. Hedge funds and different institutional traders personal 28.45% of the corporate’s inventory.
MidCap Monetary Funding Buying and selling Down 1.3 %
Shares of NASDAQ:MFIC opened at $13.37 on Wednesday. The inventory has a 50 day transferring common of $13.55 and a 200 day transferring common of $14.51. The corporate has a market cap of $872.43 million, a PE ratio of seven.64 and a beta of 1.50. The corporate has a present ratio of three.02, a fast ratio of three.02 and a debt-to-equity ratio of 1.51. MidCap Monetary Funding Co. has a 12-month low of $12.26 and a 12-month excessive of $16.36.
MidCap Monetary Funding (NASDAQ:MFIC – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, August seventh. The corporate reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The corporate had income of $69.16 million throughout the quarter, in comparison with the consensus estimate of $68.02 million. MidCap Monetary Funding had a return on fairness of 11.54% and a web margin of 40.08%. Throughout the identical interval within the earlier 12 months, the corporate posted $0.44 EPS. As a gaggle, equities analysis analysts anticipate that MidCap Monetary Funding Co. will publish 1.72 EPS for the present 12 months.
MidCap Monetary Funding Will increase Dividend
The agency additionally lately declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of report on Tuesday, September tenth had been paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.37%. This is a rise from MidCap Monetary Funding’s earlier quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September tenth. MidCap Monetary Funding’s dividend payout ratio is presently 86.86%.
Analyst Scores Adjustments
Various analysis companies have issued stories on MFIC. Compass Level upgraded MidCap Monetary Funding from a “impartial” ranking to a “purchase” ranking and set a $16.00 value goal for the corporate in a analysis word on Thursday, July twenty fifth. JPMorgan Chase & Co. lower their value goal on MidCap Monetary Funding from $15.00 to $14.00 and set a “impartial” ranking for the corporate in a analysis word on Monday, July twenty ninth. Wells Fargo & Firm lower their value goal on MidCap Monetary Funding from $15.00 to $14.00 and set an “chubby” ranking for the corporate in a analysis word on Tuesday. Lastly, Keefe, Bruyette & Woods upgraded MidCap Monetary Funding from a “market carry out” ranking to an “outperform” ranking and set a $15.00 value goal for the corporate in a analysis word on Monday, August fifth. Three analysis analysts have rated the inventory with a maintain ranking and 4 have given a purchase ranking to the corporate. Based on knowledge from MarketBeat.com, MidCap Monetary Funding has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $14.86.
Get Our Newest Inventory Evaluation on MFIC
MidCap Monetary Funding Firm Profile
MidCap Monetary Funding Company (Former title Apollo Funding Company) is enterprise improvement firm and a closed-end, externally managed, non-diversified administration funding firm. It’s elected to be handled as a enterprise improvement firm (BDC) underneath the Funding Firm Act of 1940 (the 1940 Act) specializing in personal fairness investments in leveraged buyouts, acquisitions, recapitalizations, progress capital, refinancing and personal center market firms.
See Additionally
Need to see what different hedge funds are holding MFIC? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for MidCap Monetary Funding Co. (NASDAQ:MFIC – Free Report).
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