DnB Asset Management AS Purchases 9,193 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

DnB Asset Management AS raised its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 5.4% in the fourth quarter, Holdings Channel reports. The fund owned 180,881 shares of the company’s stock after buying an additional 9,193 shares during the quarter. DnB Asset Management AS’s holdings in MidCap Financial Investment were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in MidCap Financial Investment by 273.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after purchasing an additional 103,741 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth about $692,000. Barclays PLC raised its position in shares of MidCap Financial Investment by 190,106.2% during the third quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after buying an additional 123,569 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after buying an additional 93,972 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in MidCap Financial Investment by 74.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company’s stock worth $1,103,000 after buying an additional 34,875 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Trading Down 0.1 %

Shares of MFIC opened at $12.85 on Wednesday. The stock has a 50 day simple moving average of $13.65 and a 200-day simple moving average of $13.58. 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 cap of $1.21 billion, a PE ratio of 8.24 and a beta of 1.49. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last released 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 analyst estimates of $86.28 million. On average, sell-side analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.83%. MidCap Financial Investment’s dividend payout ratio is 116.03%.

Wall Street Analysts Forecast Growth

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

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.