JPMorgan Chase & Co. Grows Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

JPMorgan Chase & Co. boosted its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 273.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,640 shares of the company's stock after buying an additional 103,741 shares during the period. JPMorgan Chase & Co. owned 0.15% of MidCap Financial Investment worth $1,897,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in shares of MidCap Financial Investment by 71.8% during 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 period. Anchor Investment Management LLC acquired a new position in MidCap Financial Investment in the 3rd quarter valued at about $35,000. Westchester Capital Management LLC purchased a new stake in shares of MidCap Financial Investment in the 3rd quarter valued at approximately $103,000. ProShare Advisors LLC acquired a new stake in shares of MidCap Financial Investment during the 2nd quarter worth approximately $159,000. Finally, Sovereign Financial Group Inc. purchased a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at approximately $162,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Stock Up 0.1 %

MFIC traded up $0.02 during trading hours on Thursday, hitting $13.70. 307,079 shares of the company's stock were exchanged, compared to its average volume of 321,866. 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 Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The firm has a market cap of $1.28 billion, a P/E ratio of 8.78 and a beta of 1.48. The firm has a 50 day moving average of $13.66 and a 200 day moving average of $13.76.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The business had revenue of $82.14 million for the quarter, compared to analysts' expectations of $82.68 million. During the same period last year, the firm earned $0.43 earnings per share. Analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.09%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment's dividend payout ratio is presently 97.44%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MFIC shares. Wells Fargo & Company lowered 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 Tuesday, October 29th. Royal Bank of Canada reissued a "sector perform" rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, MidCap Financial Investment has a consensus rating of "Moderate Buy" and a consensus price target of $14.71.

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.