JPMorgan Chase & Co. Purchases 24,590 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

JPMorgan Chase & Co. lifted its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,230 shares of the company's stock after acquiring an additional 24,590 shares during the period. JPMorgan Chase & Co. owned approximately 0.18% of MidCap Financial Investment worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MFIC. Naviter Wealth LLC bought a new position in shares of MidCap Financial Investment in the fourth quarter worth about $2,516,000. Barclays PLC increased its position in MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company's stock worth $1,656,000 after purchasing an additional 123,569 shares in the last quarter. Van ECK Associates Corp lifted its stake in MidCap Financial Investment by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company's stock valued at $32,005,000 after purchasing an additional 102,406 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in MidCap Financial Investment in the fourth quarter valued at approximately $1,289,000. Finally, Franklin Resources Inc. grew its stake 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 during the last quarter. Institutional investors and hedge funds own 28.45% of the company's stock.

MidCap Financial Investment Trading Up 0.8 %

Shares of MFIC stock traded up $0.09 during mid-day trading on Friday, hitting $12.04. The company's stock had a trading volume of 278,563 shares, compared to its average volume of 419,113. The company has a market cap of $1.13 billion, a PE ratio of 7.72 and a beta of 1.13. 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 fifty day simple moving average is $12.63 and its 200-day simple moving average is $13.32. MidCap Financial Investment Co. has a 52 week low of $10.18 and a 52 week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting 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, equities research analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 12.62%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is presently 116.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods reduced their price target on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

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.