Franklin Resources Inc. Increases Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Franklin Resources Inc. lifted its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 442,643 shares of the company's stock after acquiring an additional 58,589 shares during the period. Franklin Resources Inc. owned 0.47% of MidCap Financial Investment worth $5,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after acquiring an additional 809 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment in the 3rd quarter worth about $35,000. Allworth Financial LP boosted its position in shares of 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 during the period. Entropy Technologies LP purchased a new position in MidCap Financial Investment during the 4th quarter valued at $155,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of MidCap Financial Investment during the fourth quarter valued at $221,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

MidCap Financial Investment Stock Up 3.1 %

Shares of NASDAQ MFIC traded up $0.35 during midday trading on Tuesday, reaching $11.51. 89,434 shares of the company's stock traded hands, compared to its average volume of 412,416. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 7.36 and a beta of 1.13. The stock's 50 day simple moving average is $13.10 and its 200-day simple moving average is $13.42. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a one year low of $10.18 and a one year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $86.28 million. On average, analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed 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 13.21%. MidCap Financial Investment's dividend payout ratio is presently 116.03%.

Wall Street Analysts Forecast Growth

MFIC has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Keefe, Bruyette & Woods decreased their target price on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

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.