Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,520 shares of the company's stock, valued at approximately $1,289,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of MidCap Financial Investment as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of MidCap Financial Investment by 273.7% during the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company's stock worth $1,897,000 after buying an additional 103,741 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of MidCap Financial Investment during the third quarter worth $692,000. Barclays PLC increased its holdings 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 worth $1,656,000 after buying an additional 123,569 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of MidCap Financial Investment by 32.4% during the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock worth $5,116,000 after buying an additional 93,972 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of 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 currently owned by institutional investors and hedge funds.
MidCap Financial Investment Price Performance
NASDAQ MFIC remained flat at $12.98 on Friday. The company had a trading volume of 760,698 shares, compared to its average volume of 384,477. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 8.32 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. The business has a fifty day moving average price of $13.70 and a 200 day moving average price of $13.62. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. As a group, research analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.
MidCap Financial Investment Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 11.71%. MidCap Financial Investment's dividend payout ratio (DPR) is currently 116.03%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company lowered 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 report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $14.60.
Read Our Latest Report on MidCap Financial Investment
About MidCap Financial Investment
(
Free Report)
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.
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