MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS raised its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,881 shares of the company’s stock after buying an additional 9,193 shares during the period. DnB Asset Management AS owned approximately 0.19% of MidCap Financial Investment worth $2,440,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MFIC. Nomura Asset Management Co. Ltd. lifted its holdings in shares of MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after purchasing an additional 809 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in MidCap Financial Investment during the 3rd quarter worth about $35,000. Allworth Financial LP lifted its stake in MidCap Financial Investment by 197.8% during the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after buying an additional 1,699 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of MidCap Financial Investment in the fourth quarter worth about $155,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of MidCap Financial Investment in the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their price target on shares of 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $12.85 on Wednesday. The company has a market capitalization of $1.21 billion, a PE ratio of 8.24 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company’s 50 day moving average price is $13.65 and its 200 day moving average price is $13.58. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. Research 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 11.83%. MidCap Financial Investment’s dividend payout ratio is 116.03%.

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.